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Item specifics

Condition
Like New: A book in excellent condition. Cover is shiny and undamaged, and the dust jacket is ...
Book Title
Pesos and Politics : Business, Elites, Foreigners, and Government
ISBN
9780804791540
Subject Area
Business & Economics, History, Social Science, Political Science
Publication Name
Pesos and Politics : Business, Elites, Foreigners, and Government in Mexico, 1854-1940
Publisher
Stanford University Press
Item Length
9.3 in
Subject
Latin America / Mexico, Social Classes & Economic Disparity, General, World / Caribbean & Latin American, International / General, Public Policy / Economic Policy, Investments & Securities / General
Publication Year
2015
Type
Textbook
Format
Hardcover
Language
English
Item Height
0.9 in
Author
Mark Wasserman
Item Weight
18.4 Oz
Item Width
6.2 in
Number of Pages
272 Pages

About this product

Product Information

This book is a history of the three-way relationships between foreign investors, government, and elites in Mexico from 1854 through the 1930s.

Product Identifiers

Publisher
Stanford University Press
ISBN-10
0804791546
ISBN-13
9780804791540
eBay Product ID (ePID)
205616557

Product Key Features

Number of Pages
272 Pages
Language
English
Publication Name
Pesos and Politics : Business, Elites, Foreigners, and Government in Mexico, 1854-1940
Publication Year
2015
Subject
Latin America / Mexico, Social Classes & Economic Disparity, General, World / Caribbean & Latin American, International / General, Public Policy / Economic Policy, Investments & Securities / General
Type
Textbook
Subject Area
Business & Economics, History, Social Science, Political Science
Author
Mark Wasserman
Format
Hardcover

Dimensions

Item Height
0.9 in
Item Weight
18.4 Oz
Item Length
9.3 in
Item Width
6.2 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
2014-037756
Dewey Edition
23
Reviews
"The central hypothesis--the creation and function of an interactive, mutually-balancing and mutually-reinforcing 'elite-foreign enterprise system' in operation over the period under discussion--is an important and convincing contribution to the field, and one which challenges both conventional wisdom and 'traditional' historiography. It issues an important corrective to recent interpretations, which have sought to underestimate the role of the state in promoting enterprise and economic development."--Paul Garner, University of Leeds, "The central hypothesis—the creation and function of an interactive, mutually-balancing and mutually-reinforcing 'elite-foreign enterprise system' in operation over the period under discussion—is an important and convincing contribution to the field, and one which challenges both conventional wisdom and 'traditional' historiography. It issues an important corrective to recent interpretations, which have sought to underestimate the role of the state in promoting enterprise and economic development."—Paul Garner, University of Leeds, "This is the best economic history available for Mexico in the years 1854 to 1940. The scholarship is impeccable, with scrupulous research in both Mexican and US archives, private collections, and published material, the analysis is logical, careful, and consistent, and the writing is clear, accessible, and to the point."--William Beezley, University of Arizona, "This is the best economic history available for Mexico in the years 1854 to 1940. The scholarship is impeccable, with scrupulous research in both Mexican and US archives, private collections, and published material, the analysis is logical, careful, and consistent, and the writing is clear, accessible, and to the point."—William Beezley, University of Arizona, "Rutgers historian Wasserman's thesis is that the relationship between business and politics is crucial to understanding Mexican history; he explores this relationship from the dictatorship of Porfirio Diaz through the Mexican Revolution . . . Recommended."--R. Acuña, CHOICE
Dewey Decimal
322/.3097209034
Lc Classification Number
Hd3616
Table of Content
Contents and Abstracts 1Elites, Foreigners, and Government in Mexico, 1877-1940 chapter abstract 2Mexican Entrepreneurs chapter abstract Two case studies about the patriarchs of two Mexican entrepreneurial families: Enrique C. Creel, who was Mexico''s leading banker during the Díaz era (1880-1910), a governor and national cabinet member; and Evaristo Madero, a large landowner and industrialist. Both families diversified extensively, although they based their wealth in good part on landholding and partnered with other elite groups in Mexico City and Monterrey. Creel and Madero were similar in that they opposed Díaz for many years, but never lost out entirely because they were too strong economically. They were different in that the Creels cooperated with, brokered for, and partnered with foreign businesspeople, while the Maderos often found themselves in opposition to foreign companies. 3Mexico Versus the Seven Kings: The Railroad Consolidation, 1902-1910 chapter abstract This is the history of the consolidation of the Mexican railroad system under government ownership from 1902 to 1911. The Díaz regime undertook these mergers in order to prevent the railroad tycoons in the United States from taking control of the financially unstable Mexican railway companies. The arrangements were engineered by finance minister José Y. Limantour, who ingeniously stymied the US capitalists while at the same time not alienating them. The railroad consolidation was an excellent example of how the elite-foreign enterprise system worked, as the regime balanced the interests of all of the competing groups. 4Foreign Landowners chapter abstract Discusses the various types of foreign landholders in Mexico during the period under study; it uses case studies of large owners, more modest owners, lumber companies, colonizing schemes, and lumber companies. It argues that foreign investors, while owning large tracts, rarely yielded profits. They required considerable capital, a steady market, and secure labor force to succeed. 5The Corralitos Company chapter abstract The Corralitos Company operated an 800,000-acre ranch and a substantial mining company. It makes an excellent case study of foreign investment in each of these businesses because we have a fairly complete set of records for the company. During a period of forty years, the company was profitable only for a short period. Its investors sunk hundreds of thousands of dollars into new equipment and livestock. 6Foreign Mining Entrepreneurs chapter abstract This chapter contains a large number of case studies of mining companies, the vast majority of which were unprofitable. It reiterates that these companies required great capital, expertise, management skills, the ability to negotiate with local elites and governments, a steady market, good transportation, and a secure labor force. Very few companies combined all of these. 7The American Smelting and Refining Company in Mexico, 1890-1940 chapter abstract This is the history of the American Smelting and Refining Company in Mexico, which was the most important success of all foreign enterprises in Mexico during this era. 8Conclusion chapter abstract
Copyright Date
2015

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