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Title: Mexico

Essay Details

Subject: History
Author: Mary F
Date: May 25, 2015
Level: University
Grade: B
Length: 5 / 1255
No of views: 0
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Essay text:

Agriculture still provides more jobs than industry, however. Many farm families earn barely enough to survive, and many city dwellers are unable to find jobs. After World War II (1939-1945), Mexico became known for its continuously growing economy. During that time, Mexico's economy changed from a primarily agricultural one to an economy based on services and manufacturing...

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Beginning in the 1970s, however, the country's economy began to stagnate as Mexico fell deeply into debt. In the late 1970s Mexico borrowed billions of dollars at extremely high interest rates in anticipation of increased oil revenues. When the oil prices dropped sharply in the early 1980s, Mexico's oil revenues plummeted as well...

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