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  • Clase de Ingles

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    renata hernandez
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    Lazaro Cardenas nationalized Mexico's oil industry in 1938. Foreign oil companies operating in Mexico prior to 1938 exploited Mexican workers with long hours and low wages. A union was formed to demand better conditions, but the companies refused to improve wages or sign agreements. When an investigation found the companies could afford to pay more, the workers went on strike. Cardenas then declared Mexico's oil reserves belonged to the Mexican people and established Pemex, a state-run oil company, taking control of the oil industry from foreign companies and improving conditions for workers.

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    Clase de Ingles (1)

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    Lazaro Cardenas nationalized Mexico's oil industry in 1938. Foreign oil companies operating in Mexico prior to 1938 exploited Mexican workers with long hours and low wages. A union was formed to demand better conditions, but the companies refused to improve wages or sign agreements. When an investigation found the companies could afford to pay more, the workers went on strike. Cardenas then declared Mexico's oil reserves belonged to the Mexican people and established Pemex, a state-run oil company, taking control of the oil industry from foreign companies and improving conditions for workers.

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    10 views4 pages

    Clase de Ingles

    Uploaded by

    renata hernandez
    Lazaro Cardenas nationalized Mexico's oil industry in 1938. Foreign oil companies operating in Mexico prior to 1938 exploited Mexican workers with long hours and low wages. A union was formed to demand better conditions, but the companies refused to improve wages or sign agreements. When an investigation found the companies could afford to pay more, the workers went on strike. Cardenas then declared Mexico's oil reserves belonged to the Mexican people and established Pemex, a state-run oil company, taking control of the oil industry from foreign companies and improving conditions for workers.

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    Fight for your flag

    Made by: Renata


    Lazaro Cardenas
    One of the most important things he did was to nationalize
    the oil industry

    In the years prior to 1938, most of the large oil companies operating
    in Mexico were owned by foreign companies. Foreign companies
    also forced Mexican workers to work long weeks for low wages and
    provided few or no benefits. In 1935, the Single Union of Oil
    Workers was founded to pressure oil companies to improve workers'
    rights. The union wanted every oil company to commit to improving
    workers' wages and working conditions. The companies did not
    want to sign. But after a national survey into the finances of oil
    companies found they could pay workers more, a full-scale strike
    broke out and the country came to a standstill .
    When the investigation ended, the arbitration panel
    said that the companies were making much more
    profit than they had previously said. The report said
    that the companies could afford to improve working
    conditions and raise wages. However, they refused to
    raise wages and instead decided to shut down several
    oil wells in Mexico. On March 18, 1938, Cárdenas
    declared that all mineral and oil reserves in Mexico
    belonged to the "nation" of Mexico. Cárdenas ordered
    the foreign oil company to withdraw immediately. Of
    course, many countries, such as the United States,
    Great Britain, and the Netherlands, were not happy to
    lose control of Mexico's oil resources.
    Regaining control of the oil industry is complicated.
    Ownership of the company came under the control of
    a new state oil company called Petróleos de México,
    or PEMEX. In addition to nationalizing the oil
    industry, Cárdenas also fought for better education. In
    1938 he founded the National Polytechnic Institute to
    train new engineers for work in the oil industry. The
    PEMEX companies remain under state control
    because of this.

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