Modern Era · North America · Politics
1938
Mexico nationalizes its oil
March 5, 1938
President Lazaro Cardenas expropriated the holdings of foreign oil companies and created Pemex, the state oil monopoly. Americans and British fumed; Mexicans celebrated in the streets and donated jewelry to pay the compensation. Resource nationalism had scored one of its first big victories. March eighteenth became an unofficial national holiday.
In context
Also in 1938 (6 other events on record)
- Munich Agreement sells out Czechoslovakia · Europe · Politics
- Kristallnacht shatters German Jewry · Europe · Politics
- Germany annexes Austria · Europe · Politics
- Howard Hughes flies around the world · North America · Exploration
- War of the Worlds radio broadcast · North America · Culture
- Seabiscuit beats War Admiral · North America · Culture
Before and after in North America
Before and after in Politics
Era
Modern Era (1901–2000), one of 590 events from that era on Saeculum.