18 March 2010
A Day In History
Oh, my goodness. I forgot to mention that this is the anniversary of a great day in Mexican history, and a day known to any educated Mexican. On this date in 1938, President Lázaro Cárdenas decreed the expropriation of the foreign-controlled oil industry by the Mexican government. Lázaro Cárdenas was one of the greatest, if not the greatest, of Mexican presidents. This move was immensely popular among the citizens.
The expropriation of the oil industry included provisions for payment to the foreign oil companies for their assets. This led in turn to the famous day a month later when thousands of women came to the Palacio de Bellas Artes in Mexico City to donate everything from chickens to jewelry toward the effort to pay off those foreign oil companies.