Mark Wasserman

Pesos and Politics

Business, Elites, Foreigners, and Government in Mexico, 1854-1940

• Gebundenes Buch

Produktbeschreibung

Mark Wasserman is Professor of History and Chair of the Department of History at Rutgers, The State University of New Jersey.

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Produktdetails

• Verlag: Stanford University Press
• Seitenzahl: 272
• Erscheinungstermin: 15. April 2015
• Englisch
• Abmessung: 236mm x 154mm x 22mm
• Gewicht: 486g
• ISBN-13: 9780804791540
• ISBN-10: 0804791546
• Artikelnr.: 41754619

Autorenporträt

Mark Wasserman is Professor of History and Chair of the Department of History at Rutgers, The State University of New Jersey.

Inhaltsangabe

Contents and Abstracts
1Elites, Foreigners, and Government in Mexico, 1877-1940
chapter abstract
2Mexican Entrepreneurs
chapter abstract
Two case studies about the patriarchs of two Mexican entrepreneurial
families: Enrique C. Creel, who was Mexico's leading banker during the Díaz
era (1880-1910), a governor and national cabinet member; and Evaristo
Madero, a large landowner and industrialist. Both families diversified
extensively, although they based their wealth in good part on landholding
and partnered with other elite groups in Mexico City and Monterrey. Creel
and Madero were similar in that they opposed Díaz for many years, but never
lost out entirely because they were too strong economically. They were
different in that the Creels cooperated with, brokered for, and partnered
with foreign businesspeople, while the Maderos often found themselves in
opposition to foreign companies.
3Mexico Versus the Seven Kings: The Railroad Consolidation, 1902-1910
chapter abstract
This is the history of the consolidation of the Mexican railroad system
under government ownership from 1902 to 1911. The Díaz regime undertook
these mergers in order to prevent the railroad tycoons in the United States
from taking control of the financially unstable Mexican railway companies.
The arrangements were engineered by finance minister José Y. Limantour, who
ingeniously stymied the US capitalists while at the same time not
alienating them. The railroad consolidation was an excellent example of how
the elite-foreign enterprise system worked, as the regime balanced the
interests of all of the competing groups.
4Foreign Landowners
chapter abstract
Discusses the various types of foreign landholders in Mexico during the
period under study; it uses case studies of large owners, more modest
owners, lumber companies, colonizing schemes, and lumber companies. It
argues that foreign investors, while owning large tracts, rarely yielded
profits. They required considerable capital, a steady market, and secure
labor force to succeed.
5The Corralitos Company
chapter abstract
The Corralitos Company operated an 800,000-acre ranch and a substantial
mining company. It makes an excellent case study of foreign investment in
each of these businesses because we have a fairly complete set of records
for the company. During a period of forty years, the company was profitable
only for a short period. Its investors sunk hundreds of thousands of
dollars into new equipment and livestock.
6Foreign Mining Entrepreneurs
chapter abstract
This chapter contains a large number of case studies of mining companies,
the vast majority of which were unprofitable. It reiterates that these
companies required great capital, expertise, management skills, the ability
to negotiate with local elites and governments, a steady market, good
transportation, and a secure labor force. Very few companies combined all
of these.
7The American Smelting and Refining Company in Mexico, 1890-1940
chapter abstract
This is the history of the American Smelting and Refining Company in
Mexico, which was the most important success of all foreign enterprises in
Mexico during this era.
8Conclusion
chapter abstract