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7964933
1982: The decision of the president
Description
Nacionalización de la banca
No tags specified
josélópezportillo
historia de méxico
segundo
Mind Map by
Greg Ocampo
, updated more than 1 year ago
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Created by
Greg Ocampo
over 7 years ago
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Resource summary
1982: The decision of the president
José López Portillo
What happened before that led to this severe economic crisis?
Accumulate a powerful external debt that in future could not be paid without economic problems
Started to be an Oil-Economy
Regrettably, Mexico don´t establish Oil cost
But in that moment, the oil price increased
What the president did wrong?
Believed Oil revenue would be always profitable
The late decision to nationalize the banking system because he didn't know what to do
Start to worry when he saw crisis close
1977-1981, México has no problems.
1982: Start to worry
Don't know how to administrate the abundance
What society did wrong?
Support the decision of the president
Consequences for society and the country?
Economic Crisis
Dollar price increased considerably
Economy didn't grow and then started to grow up slowly until now
Prices of the products were extreme
Disparity peso-dollar started
Political consequences of this financial disaster:
Banks believed that México was moving to a socialist system(It wasn't true)
De la Madrid had to carry on with the problem, but he couldn't
Then, Banking Nationalization didn't function and México had to enter to neoliberalism
México never again relied on a national system, México had to enter on neoliberalism
México started to depend more from U.S.
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