the mexican miracle

The Mexican miracle is a period in the contemporary history of Mexico, between 1940 and 1970 which is mainly characterized by the application of a series of economic and social reforms by the State, to develop the internal market and industry. In this period the most important political and social institutions of the country are created. Its maximum expression was in the stabilizing development, time in which Antonio Ortiz Mena was in charge of the Treasury. During this time the famous 12.50 was the dollar, which demonstrated the stability of Mexico, which lasted more than twenty years. This period began in the second world war, in which Mexico would send raw materials to the allies, and in return received machinery and technology. Another antecedent were policies and stability of the Government of Lázaro Cárdenas. The Mexican miracle ended with the beginning of the Government of Luis Echeverría.