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The Contours of the Post-1810 Depression in Mexico: A Reappraisal from a Regional Perspective
Published online by Cambridge University Press: 12 October 2022
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Scholars generally agree that after 1810 the Mexican economy, shattered by destruction of property and flight of population and capital during the long wars for independence, entered a severe depression. It has usually been assumed that this depression persisted well beyond mid-century, exacerbated by political instability, banditry, and intermittent civil warfare. This assumption was given shape and substance by John Coatsworth's influential 1978 article, which presented a picture of not merely miserable but deteriorating economic conditions for at least a half-century after 1810. Coatsworth calculated that per capita and total income fell until “sometime after 1860” and that a solid recovery was delayed until after 1880.
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Footnotes
∗
I would like to acknowledge the support of the Social Science Research Council, the Fulbright Foundation, the National Endowment for the Humanities, the American Council of Learned Societies, and the California State University at Hayward. I would also like to thank Frederick P. Bowser, Stephen Haber, Richard Salvucci, John Tutino, and the anonymous LARR reviewers for helpful comments on earlier versions.
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