Mexican oil expropriation of 1938

E909101

The Mexican oil expropriation of 1938 was a landmark nationalization of foreign-owned oil companies by President Lázaro Cárdenas that asserted Mexico’s control over its petroleum resources and reshaped its economic and political landscape.

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Label Occurrences
Mexican oil expropriation of 1938 canonical 1

How this entity was disambiguated

Statements (53)

Predicate Object
instanceOf historical event
nationalization
appliesToJurisdiction United Mexican States NERFINISHED
country Mexico
describedBySource Mexican government archives NERFINISHED
Mexican presidential decree of 18 March 1938
historical studies of Mexican economic history
followedBy Mexican oil boom during World War II
creation of Petróleos Mexicanos
hasCause Mexican Supreme Court ruling in favor of oil workers
Mexican nationalism over natural resources
conflict between foreign oil companies and Mexican workers
labor dispute in Mexican oil industry
hasEffect creation of Petróleos Mexicanos
deterioration of relations with the United Kingdom
economic sanctions and boycotts by some foreign governments
expulsion of major foreign oil companies from Mexico
greater popular support for Lázaro Cárdenas
inspiration for later nationalizations in Latin America
legal disputes over compensation to foreign companies
long-term increase in state revenue from oil
nationalization of foreign-owned oil companies in Mexico
reorganization of Mexican oil industry
rise of Mexico as a symbol of resource nationalism
shift in foreign investment patterns in Mexico
strengthening of Mexican state control over petroleum resources
tensions with the United States
hasSignificance asserted Mexican control over petroleum resources
became a symbol of anti-imperialism in Latin America
reshaped Mexico’s economic landscape
reshaped Mexico’s political landscape
legalBasis Article 27 of the Mexican Constitution of 1917 NERFINISHED
expropriation decree issued by Lázaro Cárdenas
location Mexico NERFINISHED
mainSubject Mexican petroleum industry NERFINISHED
economic sovereignty
resource nationalism
participant British government NERFINISHED
Mexican government NERFINISHED
Mexican oil workers
Royal Dutch Shell NERFINISHED
Standard Oil Company NERFINISHED
United States government NERFINISHED
foreign oil companies operating in Mexico
other British and American oil firms
partOf history of Mexico
history of nationalization policies
history of the petroleum industry
pointInTime 18 March 1938
1938
significantPerson Lázaro Cárdenas NERFINISHED
Vicente Lombardo Toledano NERFINISHED
leaders of Mexican oil workers’ unions

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Lázaro Cárdenas del Río notableWork Mexican oil expropriation of 1938