Mexico economic situation
This made that our debt went from 23 thousand million dollars to 96 thousand million dollars. As a result our currency was devalued.
Another consequence of the crisis was that the prices went up in the world.
Then, the banks were property of the nation, business from our state were sold, agreements were signed to foreign investment and international trade.
One of the most important treaty was the TLC (free treaty commerce) signed with the United States and Canada.
Signing of the "TLC" treaty of North America in 1992
3 Flags representing the TLC treaty. Canada, US, and Mexico.
5000 Pesos Bill
The 5000 Peso Bill, was eliminated at the end of the eighties, due to the devaluation of the Mexican Peso.
Other consequences because of the economic crisis were that Mexico had a lack of employment, pollution, over exploitation of the natural resources, poverty and hunger.
People had a limited access to education, food, housing, health and well paid jobs.
Native and poor people has suffered from discrimination and some of them has been making groups to protest against all this abuse. M