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In 1861, Benito Juarez became the president. He had to default on the debt to the European Government.
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A army from France stromed Veracruz, making Juarez and the government retreat.
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Benito Juarez, president of Mexico, issued a moratorium stating foreign debt payments woould be suspened for two years.
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On the fifth of May in 1862, the French were beat by Mexico.
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In 1862, Maximillian was captured by Juarez's force and executed the same year they won independence.
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In 2005, the congress issued a Concurrent Resolution, making the president issue a proclomation stating U.S. people need to observe Cinco de Mayo with appropriate events.
