in what way did the north american free trade agreement come at a good time for mexico
Effects of NAFTA on Mexico When NAFTA was being developed to include Mexico, the developers of the deal presented it as way to create more middle class jobs in Mexico by increasing development and investment in Mexico.[1] This deal followed a trend of increased neo-liberal policies in Mexico that ultimately made the implementation of NAFTA possible.[2] Placed in the larger context of Mexican economic liberalization, NAFTA represents another step in the historic transformation of the Mexican economy from protectionist to open to trade.[3] The passage of NAFTA represented an important moment for Mexico and the United States, as it represented a tying together of the two economies in a way that had never been done before between two relatively economically unequal countries.
Mexican–American War The 1848 Treaty of Guadalupe Hidalgo, forced onto the remnant Mexican government, ended the war and specified its major consequence, the Mexican Cession of the northern territories of Alta California and Santa Fe de Nuevo MÃ©xico to the United States. The U.S. agreed to pay $15 million compensation for the physical damage of the war. In addition, the United States assumed $3.25 million of debt already owed earlier by the Mexican government to U.S. citizens. Mexico acknowledged the loss of their province, later the Republic of Texas (and now the State of Texas), and thereafter cited and acknowledged the Rio Grande as its future northern national border with the United States. Mexico had lost over one-third of its original territory from its 1821 independence.