History of Mexican Oil The history of Mexican oil is essentially o

Even in precolumbian times, seepage oil was used by the Aztecs and other peoples as a ritual ointment. After the Spanish conquest, the natural wealth of the earth took on a deep historic and psychological significance for Mexico. The land of Mexico had after all, like the people who lived upon it, been in a sense stolen from themselves. Moreover, the new Spanish legal tradition, imposed after the conquistadors, made mineral wealth a patrimony of the entire society (or, strictly and more narrowly, of the crown), rather than assigning mineral rights to individual landowners as English legal practice generally assumed. From a broad emotional and symbolic significance, the ownership of Mexico's natural wealth became a real and immediate concern in the later nineteenth century. The reason was a failed development plan, that of Porfirio Diaz and his cientificos, who eagerly encouraged foreign investment in Mexico, and in the process allowed as much as a seventh of the country to fall into foreign hands.

The first strikes of oil in Mexico, early in

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party narrowly held on to power in Britain only by unceremoniously dumping Mrs. Thatcher, and in the United States, prolonged economic sluggishness has already deeply undermined the predominance of the Reagan agenda under his chosen successor, George Bush. In another decade or so, unbridled faith in the "miracle of the marketplace" as an engine to bring Third World societies and economies to the status of newly industrialized countries may seem as dated and improbably as the past generation's faith in socialism now seems to us today. In Mexico, the maquiladoras and the North American freetrade agreement may join the oil boom and Porfirio's railroad concessions on the scrapheap of history. Certainly the experience of the past century in Mexico has been one in which successive models for development have been tried, and uniformly found wanting. Porfirio and his cientificos tried to attract foreign capital. They succeeded in obtaining considerable development of railroad mileage, industries, and other "infrastructure," but Mexico did not cease to be an underdeveloped country. During the Revolution, of course, no plan could be followed. But following the consolidation of the PRI regime and the political and s
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Some common words found in the essay are:
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Approximate Word count = 4040
Approximate Pages = 16 (250 words per page)

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