Presentation Type
Poster
Release Option
Metadata Only
Description
After achieving independence in 1821, Mexico’s political leaders attempted to establish paper money as a permanent currency to facilitate commerce and build a national economy. Yet, the Mexican population distrusted paper money, and early attempts to implement this currency failed. Although the government was able to issue currency in the late nineteenth century, it was not until 1925 when the National Bank of Mexico established a monopoly as the sole producer of paper money. Analyzing the purpose of paper money alongside widespread skepticism over its adoption helps us to understand the enduring challenges of political and social instability in post-colonial Mexico. Indeed, it was the Mexican Revolution (1910-1920), a period when various factions engaged in excessive printing of money during the conflict, that led to the approval of a federal monetary policy to finally address the people’s distrust of paper money.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Faculty Mentor
Dr. Corinna Zeltsman
Department of Primary Presenter's Major
Department of History
Primary Presenter's Major(s)
History
Location
Virtual Symposium
Symposium Year
2021
Digital Poster- Paper Money- Villanueva
The Role of Popular Skepticism in the History of Paper Money in Post-Colonial Mexico
Virtual Symposium
