In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling 6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early nineteenth century, when foreign lending was still a novelty, and the unexpected ways in which international debt could influence politics and policy. The history of the loans, the efforts of successive governments in Mexico to resume repayment, and the...
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling 6.4 millio...
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling 6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early nineteenth century, when foreign lending was still a novelty, and the unexpected ways in which international debt could influence politics and policy. The history of the loans, the efforts of successive governments in Mexico to resume repayment, and the...
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling 6.4 millio...
The obrajes, or native textile manufactories, were primary agents of developing capitalism in colonial Mexico. Drawing on previously unknown or unexplored archival sources, Richard Salvucci uses standard economic theory and simple measurement to analyze the obraje and its inability to survive Mexico's integration into the world market after 1790.
Originally published in 1988.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These...
The obrajes, or native textile manufactories, were primary agents of developing capitalism in colonial Mexico. Drawing on previously unknown or une...
