Mexican miracle
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The Mexican miracle is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in whi
Logo of Nacional Financiera (NAFIN), the state development bank.
The Institutional Revolutionary Party is a political party in Mexico that was founded in 1929 as the National Revolutionary Party. It became the Party of the Mexican Revolution in 1938 and the PRI in
Mexican miracle
…party. In 1926, the party founded by Plutarco Elías Calles in the wake of President-elect Álvaro Obregón's assassination in 1928 changed its name to the Institutional Revolutionary Party. With the party's presidential choice in 1946, Miguel Alemán Valdés, Mexico elected its first civilian president since Francisco I. Madero in 1911…
Central offices of the Institutional Revolutionary Party
Plutarco Elías Calles on the cover of Time magazine in 1924
President Álvaro Obregón in a business suit, tailored to show that he lost his right arm in the Mexican Revolution and whose assassination in 1928 touched off a political crisis leading to the formation of the party
Pascual Ortiz Rubio, candidate of the PNR in the 1929 presidential election