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Chichonal Volcanic Eruption
This eruption helped people to know how to act in further similar situations. 2,000 deaths and 9 villages destroyed. -
Mexico City 8.1 magnitude-Earthquake
Around 5,000 deaths in the capital. Mexicans learned about it and created an alert system for further earthquakes. -
Hurricane Gilbert
Brought destruction to the Carribean and the Gulf of Mexico.
Killed 318 people and caused about $7.1 billion in damage -
Privatization of Banks
The Mexican government decide to privatize banks and this will later affect the economy. -
NAFTA (The North American Free Trade Agreement)
Trading without borders, between Canada, USA, and Mexico. -
EZLN(Ejército Zapatista de Liberación Nacional)
The EZLN revolt against the government for more indigenous rights and for the signing of NAFTA. -
Period: to
Political Assassinations
Luis Donaldo Colosio, the presidential candidate, and José Ruiz Massieu, the secretary general fo Salinas' cabinet, get killed. -
FOBAPROA
Fobaproa is applied to absorb the debts of the banks, to capitalize the financial system and to guarantee the money of the savers. -
PRD Wins
PRD wins over Mexico City and leftist ideas began to act -
Acteal Massacre
Paramilitary group Mascara Roja killed 45 people in Chiapas during a mass. It is supposed that they were EZLN family.
