Corporatism

Corporatism was the fundamental economic governing system in Latin America during the 20th Century. It is essentailly a government acting as a large corporation with all the economic groups of the nation acting in accord with government policies. In Mexico, oil was nationalized because of the positive impact it would have on the citizens. Social order, the economy and the government are all affected by corporatist policy because it spans all sectors of a society in an atempt to provide the best solution to a rpoblem in society. In the case of oil, money from Mexico was being spent on oil run by business men from the United States. Oil was nationalized by the Mexican government because it provided the best solution to the aforementioned problem in both the social and economic sectors of Mexico.

Created by Stephen and Ian 5/20/09