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Mexico is the sixth-largest oil producer in the world. Mexico experienced many economic booms and busts depending on the price of oil, during this period, and ended the century with a larger middle class, but greater wealth disparity. His successor, Felipe Calderon, started a stronger crack down on the estimated $13~50 billion a year drug trade, going after drug cartel leaders and leaving an estimated 60~100,000 dead. Clamor for a democratic change led to the election of a non-PRI party president in 2000 the PAN (Partido Accion Nacional) with Vicente Fox, who was hamstrung by the PRI controlled Congress from implementing major reforms. Salinas spent most of Mexico's foreign exchange reserves in a failed attempt to support the peso, which led to an economic slump. In the 1990s, three main drug gangs emerged, each controlling a section of the U.S.-Mexican border. comes through Mexico,as do most meth amphetamines and foreign grown marijuana .
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cracked down on the Colombian drug cartels . Mexican cynicism with the PRI grew after a mysterious computer failure during vote counting during the presidency of Carlos Salinas de Gortari (1988-94) along with assassinations and huge growth in the drug trade as the U.S.
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Anger at the PRI's corruption exploded in the Tlateloco massacre of 1968 which left an estimated 400 protesters dead. Mexican History 1947 - 2016 Mexican history from ancient times to todayĮnter your search terms Submit search formįrom 1920 to 2000 and again in 2013, Mexico was ruled by the contradictory named Institutional Revolutionary Party (Partido Revolucionario Institutional) which started out with some radical social policies, such as the redistribution of 400,000 sq km from large landowners to peasants from the 1920s to the 1960s, but became conservative and corrupt over time.