Read more
This case study explores the history of two foreign loans raised by the government of Mexico in the early 1820s.
List of contents
Introduction; 1. A Crazy Contrivance; 2. Default; 3. Blood From a Stone; 4. A Monstrous Enterprise; Conclusions: lessons for the Past: The London debt in a Modern Mirror.
About the author
Richard Salvucci is Professor of Economics at Trinity University. He has held major fellowships from the Social Science Research Council, the National Endowment for the Humanities, and the American Philosophical Society. In 2006, he was the Peggy Guggenheim Visiting Fellow at the David Rockefeller Center for Latin American Studies at Harvard University, and, in 2008, he delivered the Christopher Lasch Memorial Lecture at the meeting of The Historical Society. He has published in the Hispanic American Historical Review, the Journal of Interdisciplinary History, and Historia Mexicana. His books include Textiles and Capitalism in Mexico: An Economic History of the Obrajes, 1539–1840; Latin America and the World Economy: Dependency and Beyond; and a chapter in The Cambridge Economic History of Latin America. In 2001, his article in the Journal of Interdisciplinary History, coauthored with Linda K. Salvucci, won the Conference on Latin American History Prize. Richard Salvucci lived in Mexico City from 1976 to 1977 and has returned repeatedly to Mexico for research and other professional purposes since then. He has also spent extensive periods in England, Spain, and Cuba doing historical research.
Summary
This case study explores the history of two foreign loans raised by the government of Mexico in the early 1820s and the unexpected ways in which international debt could influence politics and policy to become one of the most significant issues in the political and financial history of nineteenth-century Mexico.
