Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • Final Essay (The Oil Expropriation)

    Uploaded by

    miguel
    13 views2 pages
    The oil expropriation in 1938 allowed Mexico to nationalize its oil industry and gain control over production and sales. This gave the Mexican government more economic resources, strengthening public finances and increasing economic activity. The expropriation resulted from Mexico implementing laws to protect the oil industry from foreign control and Mexicans forming a union to advocate for their rights and ownership. It marked an important change, as Mexico declared itself the owner of the oil industry and its natural resources.

    Original Description:

    Original Title

    Final essay (The oil expropriation)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The oil expropriation in 1938 allowed Mexico to nationalize its oil industry and gain control over production and sales. This gave the Mexican government more economic resources, strengthening public finances and increasing economic activity. The expropriation resulted from Mexico implementing laws to protect the oil industry from foreign control and Mexicans forming a union to advocate for their rights and ownership. It marked an important change, as Mexico declared itself the owner of the oil industry and its natural resources.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views2 pages

    Final Essay (The Oil Expropriation)

    Uploaded by

    miguel
    The oil expropriation in 1938 allowed Mexico to nationalize its oil industry and gain control over production and sales. This gave the Mexican government more economic resources, strengthening public finances and increasing economic activity. The expropriation resulted from Mexico implementing laws to protect the oil industry from foreign control and Mexicans forming a union to advocate for their rights and ownership. It marked an important change, as Mexico declared itself the owner of the oil industry and its natural resources.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Miguel Ángel Rozalez Santos

    Final Essay

    Rodrigo Sebastián Miguel

    Tuesday, May 16th, 2023

    THE OIL EXPROPRIATION

    The oil expropriation brought a boom to the country Mexico by being able to govern the entire oil

    industry, this thanks to the correct execution of article 27 of the Mexican constitution. In this essay

    we will talk about the most essential issues that intervened in this historical event that marked a

    before and after in the Mexican economy and society: Mexico implemented laws to protect the

    industry from foreigners, Mexicans implemented a union to protect themselves and the Mexicans

    declared themselves owners of the oil industry.

    The oil expropriation was the result of the implementation of the expropriation law of 1937 and

    articicle 27 of the mexican constitution applied to oil companies on March 18th 1938, by the

    president of the republic, General Lázaro Cárdenas del Rio. On March 18th 1938, at 10 pm on

    national radio, General Cárdenas read the expropriation decree with which article 27 of the

    constitution became valid, because it is about the ownership of the lands and waters included within

    the limits of the national territory corresponds originally to the nation. The implementation of the

    oil expropriation allowed oil workers to from a union.

    In 1935, the union of petroleum workers of the mexican republic (STPRM) was created, with the

    firm support of the federal government. Later in 1936 the STPRM climed economic claims, which

    were rejected by the oil companies, among them; the fourty – hour work week, salary payment

    during illness; family compensation in case of death or total disability, mínimum wage of five
    pesos, retirement, among others. The creation of the union helped to expropriate foreign

    companies.

    The decree consisted of the legal expropriation of machinery, facilities, buildings refineries,

    distribution stations, vessels, oil pipelines and all movable and immovable property. In the same

    way, it was established that the Mexican state would have total control over the production and

    commercialization of oil in national territory, that is, on land and at sea. This represented that the

    government obtained more economic resources, with which public finances were strengthened, and

    having good income, the economic activity of the country had a significant increase. The oil

    expropriation brought a better economy for Mexicans. In my opinión, president Cárdenas made a

    very important decisión to lift up his country.

    On March 18, 1938, an important historical event took place for the country of Mexico, since

    General Cardenas read the oil expropriation decree allowing Mexicans to create their own oil

    company, thus removing foreign companies from Mexican territory. In my opinion, what General

    Cardenas carried out was an excellent maneuver because he managed to give economic stability to

    the Mexican country, protect its natural resources from foreign companies and generate sources of

    employment for millions of Mexicans. placing the country in an excellent position worldwide.

    You might also like