Historical Events tagged with "larazo cárdenas"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Economics & Industry
Creation of Pemex through Oil Expropriation
March 18th, 1938 86 years ago
Mexico nationalized foreign oil properties on March 18, 1938, aiming to assert control over its resources. President Lázaro Cárdenas implemented this decision to secure economic independence and provide for the local economy, leading to the establishment of Petróleos Mexicanos (Pemex). This act was driven by decades of foreign exploitation in the oil sector, which prompted a demand for national sovereignty.
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