Chapter

Ubiquitous Financiers

JOHN MASON HART

in Empire and Revolution

Published by University of California Press

Published in print November 2002 | ISBN: 9780520223240
Published online March 2012 | e-ISBN: 9780520939295 | DOI: http://dx.doi.org/10.1525/california/9780520223240.003.0004
Ubiquitous Financiers

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This chapter examines the role of Americans as ubiquitous financiers in Mexico. Porfirio Díaz was determined to modernize what he believed was a poor and backward country and he viewed the Americans as essential to the task of creating a prosperous and growing nation. Aggressive American capitalists immediately began to move forward by making commitments in various sectors including banking, railroads, technology, resource exploitation, and land ownership in Mexico. These foreign investments made American-Mexican frontier profitable for explorers and traders.

Keywords: Americans; financiers; Mexico; Porfirio Díaz; American capitalists; banking; railroads; resource exploitation; land ownership; foreign investment

Chapter.  14097 words. 

Subjects: History of the Americas

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