Mexico's 19th Century: Independence, Reform, and Nation-Building
Classified in History
Written on in English with a size of 4.24 KB
Mexico's Path to Independence and Early Republic
In Mexico, the struggle for independence began with priests Miguel Hidalgo y Costilla and José María Morelos y Pavón. It was ultimately completed by Agustín de Iturbide, who led a coalition of Creoles terrified of being governed by the liberal Spanish Constitution of 1812.
Economic Challenges of the New Nation
With the end of the Spanish monopoly, the volume of foreign trade grew significantly, from 148 ships in 1823 to 639 in 1826. However, exports did not keep pace with imports, creating a substantial deficit. This imbalance necessitated the export of precious metals, which in turn created severe problems for the new government. The only way to overcome this crisis was through foreign loans.... Continue reading "Mexico's 19th Century: Independence, Reform, and Nation-Building" »