Shared Flashcard Set

Details

Mexico's Economy
Oil Nationalization and WWII/Postwar Growth
10
History
12th Grade
01/07/2009

Additional History Flashcards

 


 

Cards

Term
In ______, poorly managed Mexican fiscal policy led to the virtual bankruptcy of the Mexican state.
Definition
1937
Term
Finance Minister Eduardo Suarez, a believer of _______________________, used countercyclical fiscal policy via ______________ and _________________ policies.
Definition
Keynesian economics; expansionary; contractionary
Term
President ______________________ created _____________, a state-owned nationalized petroleum company.
Definition
Lazaro Cardenas; PEMEX
Term
In ________, extensive negotiations led to the U.S. paying Mexico ______________, most of it to Standard Oil.
Definition
1941; $24 million
Term
Because U.S. production was focused on the war effort, Mexico deepened its ___________.
Definition
ISI
Term
When the U.S. faced labor shortages, it turned to Mexico to provide contract workers through the ____________________________.
Definition
Bracero Program
Term
The _________________________________ of businesses provided a powerful private sector industrial base.
Definition
Monterrey Group
Term
In 1964, the Bracero Program was replaced with the _______________________________, where imported inputs were processed in Mexico and re-exported.
Definition
Maquiladora Program
Term
The period between 1954 and the late 1960s is called __________________________, when macroeconomic stability produced an economic “miracle” (from the Virgin de Guadalupe duh).
Definition
"Stabalizing Development"
Term
The ___________________________________ led to a sharp devaluation of the peso but quickly disappeared when large oil reserves were announced in 1978.
Definition
Economic Crisis of 1976
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