![]() agrarian claims was settled, a reciprocal-trade treaty was outlined, and the Mexican peso was stabilized and supported to maintain a constant dollar ratio. Mexico and the United States in November 1941 signed a general agreement that resolved most of their outstanding quarrels. ![]() ![]() To offset wartime shortages, industrialization and urbanization were accelerated.Įven before Mexico entered the war, it supplied vital raw materials to the United States. Its basic economic structure was transformed, as to a lesser degree were its political, social, and cultural institutions. World War II brought profound changes to Mexico.
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