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Politics, Markets, and Mexico's 'London Debt', 1823-1887
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling £6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early nineteenth century, when foreign lending was still a novelty, and the unexpected ways in which international debt could influence politics and policy. The history of the loans, the efforts of successive governments in Mexico to resume repayment, and the efforts of the foreign lenders to recover their investment became one of the most significant, persistent, and contentious, if largely misunderstood, issues in the political and financial history of nineteenth-century Mexico. The loans themselves became entangled in partisan politics in Mexico and abroad, especially in Great Britain and France, and were a fertile source of speculation for a wide range of legitimate - and not-so-legitimate - international financiers, including Baring Brothers and the House of Lizardi.
Textiles and Capitalism in Mexico
The obrajes, or native textile manufactories, were primary agents of developing capitalism in colonial Mexico. Drawing on previously unknown or unexplored archival sources, Richard Salvucci uses standard economic theory and simple measurement to analyze the obraje and its inability to survive Mexico's integration into the world market after 1790. Originally published in 1988. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Colonial Legacies
More than other Atlantic societies, Latin America is shackled to its past. This collection is an exploration of the binding historical legacies--the making of slavery, patrimonial absolutist states, backward agriculture and the imprint of the Enlightenment--with which Latin America continues to grapple. Leading writers and scholars reflect on how this heritage emerged from colonial institutions and how historians have tackled these legacies over the years, suggesting that these deep encumbrances are why the region has failed to live up to liberal-capitalist expectations. They also invite discussion about the political, economic and cultural heritages of Atlantic colonialism through the idea that persistence is a powerful organizing framework for understanding particular kinds of historical processes.
Latin America and the World Economy
This anthology situates the economic history of Latin America within the larger world economy through the nineteenth and twentieth centuries. The essays feature both narrative and more technical approaches and are valuable to instructors in history, economics, and political science.
The Puzzle of Latin American Economic Development
Provides the basic economic tools for students to understand the problems in the countries of Latin America. This third edition analyzes challenges to the neoliberal model of development and highlights macroeconomic changes in the region. It explores the contradictions of growth, and focuses on factors of competitiveness.
The Cambridge Economic History of Latin America: Volume 1, The Colonial Era and the Short Nineteenth Century
An indispensable reference work for anyone interested in Latin America's economic development.
How Latin America Fell Behind
In 1800, the per capita income of the United States was twice that of Mexico and roughly the same as Brazil's. By 1913, it was four times greater than Mexico's and seven times greater than Brazil's. This volume seeks to explain the nineteenth-century lag in Latin American economic development. Breaking with the longstanding dependency tradition in Latin American historiography, the contributors argue that the slowdown had far more to do with internal political and legal structures than foreign influences. Topics covered include the performance of Mexico and Brazil, the impact of independence, capital markets, regional growth, the impact of railroads, and the economic effects of 'culture'. The editor's introductory essay surveys the history of economic growth theories and Latin American economic historiography. -- Publisher's description.
Politics, Markets, and Mexico's 'London Debt', 1823-1887
This case study explores the history of two foreign loans raised by the government of Mexico in the early 1820s.
