Politics, Markets, and Mexico's 'London Debt', 1823-1887 - Cambridge Latin American Studies 93 (Hardback)
  • Politics, Markets, and Mexico's 'London Debt', 1823-1887 - Cambridge Latin American Studies 93 (Hardback)
zoom

Politics, Markets, and Mexico's 'London Debt', 1823-1887 - Cambridge Latin American Studies 93 (Hardback)

(author)
£67.00
Hardback 346 Pages / Published: 29/06/2009
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling GBP6.4 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.

Publisher: Cambridge University Press
ISBN: 9780521489997
Number of pages: 346
Weight: 680 g
Dimensions: 229 x 152 x 24 mm


MEDIA REVIEWS
"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

You may also be interested in...

The Oxford Companion to Scottish History
Added to basket
The Downfall of Money
Added to basket
Lords of Finance
Added to basket
£10.99
Paperback
The Great Crash 1929
Added to basket
More Money Than God
Added to basket
Kicking Away the Ladder
Added to basket
The Drove Roads of Scotland
Added to basket
How the Economy Works
Added to basket
The Globalization Paradox
Added to basket
Taxation: A Very Short Introduction
Added to basket
Guns, Germs And Steel
Added to basket
£10.99   £8.99
Paperback
In Spite Of The Gods
Added to basket
£10.99
Paperback
The Age Of Capital
Added to basket
£14.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.