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March 1938 - what did president cardenas do?
He nationalized the oil industry in Mexico.
What type of industry was nationalized after the Mexican Revolution?
The oil industry.
Disadvantages of nationalized industries?
Many times, when an industry is nationalized, the cost of managing the industry becomes quite expensive. Changes and improvements also move at a slower pace with increased bureaucracy.
Who was the President of Mexico who nationalized Mexico's oil fields?
Lazaro Cardenas (term: 1934 - 1940)
What Middle Eastern country nationalized their oil industry in 1951?
Saudi Arabia
What is the meaning of the term government nationalized of industry?
a government takes over and operates factories
What is another name for a nationalized industry?
The other term for an industry that has been nationalized is one that has been socialized. Used in the proper context, socialize won't mean being social. It will mean that the government now owns and operates it. Also, in the proper context, the industry as example the oil industry can be said to be removed from private ownership.
The highly visible and important nationalized oil company in Mexico is?
Petroleos Mexicanos (Pemex).
What resources affected Mexico's history?
The two most important include silver and oil. Silver was one of the main reasons Spain kept Mexico as an overseas territory between 1521 and 1821. Approximately USD 1.5 trillion in silver bullion were extracted from Mexico during the 16th century only. The first commercial oil wells were drilled in 1901. During the 1930's Mexico became the second largest producer of oil in the world after the United States. Much of Mexico's internal politics have been defined by oil and the oil industry since 1935, the year Mexico's oil industry was nationalized.
What is the industry of Puebla Mexico?
The industry of Puebla, Mexico is mostly Heroin, Cocaine, Marijuana, and Prostitution.
Bill of Rights has not been nationalized?
has not been nationalized
What are the disadvantages in nationalized industries?
disadvantages of nationalized industries
