Memorandum on current aspects of oil confiscation in Mexico.
Date
1938-10-04
Journal Title
Journal ISSN
Volume Title
Publisher
University of Delaware Library, Museums and Press
Abstract
Description
Mexican government invited U.S. and British companies to explore and develop oil fields in Mexico; land bought or leased by companies; development and operation of oil fields provided many benefits for Mexico-tax revenue, compensation for sale or lease of land, employment with high wages for many Mexican workers; in March 1938 Mexican government, under President Cardenás, confiscated oil properties without compensation to owners, in defiance of Mexican law, international law,and past agreements; Cardenás tried to justify seizure as a social measure; Secretary Hull protested.
Keywords
Messersmith, George S. (George Strausser), 1883-1960.