Colonial Mexico's economy experienced a long phase of growth during the eighteenth century. Around 1800, silver exports and fiscal surplus remittances from the colony rose to unprecedented levels. We study the contribution of the Spanish imperial state's policy to the expansion of silver production and the leading role of mining in economic growth and its fiscal implications. We find evidence to support a more favourable view of both the mining sector and the imperial state than that commonly presented in the literature. The interruption of colonial ‘mining‐led growth’ helps to explain the ‘lost decades’ for the economic development of Mexico after independence.
which was renamed Mexico after independence
The rapid expansion of anarchism halted under the repressive regime of Porfiro Diaz, which had overthrown Lerdo’s “nationalist” liberal government in 1876. Diaz argued that liberal government was outdated, that to transform Mexico into a modern capitalist state required widespread economic reform, based on a modern transport and communication network. Diaz had wide support among the liberal intelligentsia, the provincial elites of old established Mexican families, and especially the ‘Cientificos’ who were descended from white settlers who had arrived in Mexico after independence. They thought that the common Mexican peasant was mentally and physically only suited to manual labour. Diaz was also supported by moderate trade unionists attracted by his modernist programme. Behind this modernism, however, lay foreign capitalism, namely US merchant bankers and Texan landowners, who supplied arms and military personnel.
Northern Provinces of Mexico After Independence - I
The contemporary conventional Mexican view is that the evil Spaniards conquered Mexico. But when Hernan Cortes arrived in 1519, the present-day country of Mexico did not exist. The Aztec Empire (itself a product of conquest) only covered about a quarter of present-day Mexico. After the Spaniards conquered that empire, they went on conquering numerous other indigenous entities, including the Tarascan Empire, enemy of the Aztec Empire, thus assembling the enormous colony of “Nueva España”, which was renamed Mexico after independence. Furthermore, throughout the history of independent Mexico, the government has repeatedly used force to subdue rebellious tribes and areas and keep them in Mexico. So yes, Mexico was formed by conquest as well. Nor is invading a neighbor country at all rare. In fact, it’s the most common form of international invasion there is.
Mexican History - After Independence