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The Empire Struck Back: Sanctions and Compensation in the Mexican Oil Expropriation of 1938

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  • Maurer, Noel

Abstract

The Mexican expropriation of 1938 was the first large-scale non-Communist expropriation of foreign-owned natural resource assets. The literature makes three assertions: the United States did not fully back the companies, Mexico did not fully compensate them for the value of their assets, and the oil workers benefitted from the expropriation. This article finds that none of those assertions hold. The companies devised political strategies that maneuvered a reluctant President Roosevelt into supporting their interests, and the Mexican government more than fully compensated them as a result. Neither wages for oil workers nor Mexican government oil revenue rose after the expropriation.

Suggested Citation

  • Maurer, Noel, 2011. "The Empire Struck Back: Sanctions and Compensation in the Mexican Oil Expropriation of 1938," The Journal of Economic History, Cambridge University Press, vol. 71(3), pages 590-615, September.
    • Handle: RePEc:cup:jechis:v:71:y:2011:i:03:p:590-615_00
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    Cited by:

    1. Gochberg, Will & Menaldo, Victor, 2022. "To rent or not to rent? Mechanics, causes and consequences of Ricardian and Quasi-rents in the oil industry," Resources Policy, Elsevier, vol. 78(C).
    2. Saikou Kawsu Gassama & Mansoureh Ebrahimi & Kamaruzaman Bin Yusoff, 2020. "The Oil Hegemonic System and Game Theory: Regional versus Trans-regional Powers in the Middle East," Contemporary Review of the Middle East, , vol. 7(3), pages 358-376, September.
    3. Caterina Moschieri & Maria Fernandez-Moya, 2022. "A dynamic long-term approach to internationalization: Spanish publishing firms’ expansion and emigrants in Mexico (1939–1977)," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(5), pages 818-849, July.

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