Sunday, November 13, 2011

[T601.Ebook] Get Free Ebook Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci

Get Free Ebook Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci

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Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci

Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci



Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci

Get Free Ebook Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci

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Politics, Markets, and Mexico's 'London Debt', 1823-1887 (Cambridge Latin American Studies), by Richard J. Salvucci

In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling £6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early nineteenth century, when foreign lending was still a novelty, and the unexpected ways in which international debt could influence politics and policy. The history of the loans, the efforts of successive governments in Mexico to resume repayment, and the efforts of the foreign lenders to recover their investment became one of the most significant, persistent, and contentious, if largely misunderstood, issues in the political and financial history of nineteenth-century Mexico. The loans themselves became entangled in partisan politics in Mexico and abroad, especially in Great Britain and France, and were a fertile source of speculation for a wide range of legitimate - and not-so-legitimate - international financiers, including Baring Brothers and the House of Lizardi.

  • Sales Rank: #3258447 in Books
  • Published on: 2009-06-29
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.98" h x .94" w x 5.98" l, 1.30 pounds
  • Binding: Hardcover
  • 346 pages

Review
"Richard J. Salvucci has done historians of Mexico an enormous favor by writing this book. In 300 pages he has managed to distill untold reams of complicated and sometimes virtually incoherent documents into a readable account of the effect of borrowing some 32 million pesos (or 6.4 million pounds sterling) from British banking houses in the 1820s...It is a bravura performance."
The Americas, Barbara A. Tenenbaum, Library of Congress

"With meticulous research in dozens of public and private archives and libraries in Mexico, Great Britain, and the United States, Salvucci has produced a dramatic, complex, and compelling narrative...This fine book will stand as the decisive work on the subject for a long time to come. " - Edward Beatty, American Historical Review

"Politics, Markets, and Mexico's "London Debt" will be indispensable for economic historians of Latin American in general and of Mexico in particular. This book will soon become a classic on the history of foreign debt." - Graciela Marquez, Hispanic American Historical Review

"Recommended." - Choice

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.

Most helpful customer reviews

1 of 1 people found the following review helpful.
A good economic history summary, review and synthesis
By Gregory B. Meyer
A good summary of the current and previous viewpoints and approaches to the Mexican debt problem. Includes Salvucci's more nuanced interpretation from an economic history perspective and places the issue in context with other Latin American nations with similar debt problems.

See all 1 customer reviews...

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