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As the century ended, however, a vast majority of the nations's inhabitants had realized little if any improvement in their standard of living.
Those residing in rural areas struggled to produce enough to survive from their own small parcels of land, or, much more likely, worked under a debt-peonage system, farming lands owned by someone infinitely wealthier than they were.
Expanding industrialization has provided additional jobs for greater numbers of workers and increased oil production has brought in needed foreign currencies.
The projected benefits from commercial accords such as the North American Free Trade Agreement have yet to materialize, but continued growth of international trade with other Latin American nations may invigorate areas of economic investment and production.
Mexico, or Estados Unidos Mexicanos, is bordered by the United States to the north, the Gulf of Mexico to the east, Guatemala, Belize, and the Caribbean Sea to the southeast, and the Pacific to the south and west.
The northwest portion of Mexico, called Baja California, is separated from the rest of the nation by the Gulf of California.
The economic depression of 1907 soured the aspirations of the small but growing middle class and brought financial disaster to the newest members of the upper class (Ramón Ruiz, Triumphs and Tragedy, pp. Though he was able to manipulate his reelection in 1910, opposition to the Díaz regime was strong, and when small rebellions began to proliferate in the northern states of the nation, he resigned his post in 1911 and left the country.Their discontent resulted in a successful revolt against Spain in 1821.In the latter part of the nineteenth century, under the 30-year authoritarian rule of Porfirio Díaz, noticeable industrialization occurred in Mexico, financed in large part by foreigners.To reverse this movement of manpower out of the country, future administrations in Mexico will have to continue to promote the expansion of economic growth to all regions in the country and the creation of new jobs in the public and private sectors.The Mexican government initially promoted American settlement in parts of the territory now known as Texas in the 1820s to bolster the regional economy.