07162018Mon
Last updateFri, 13 Jul 2018 7am

Mexico’s mint, oldest in America, endured revolutionary chaos, for years issued no paper billsMexico’s mint, oldest in America, endured revolutionary chaos, for years issued no paper bills

Today, Mexico’s peso is suffering the ill effects of Donald Trump’s election and continued bashing of the United States’ south-of-the-border neighbor.

But the Mexican Treasury has a history of enduring and bumpy times. Probably the longest and roughest of times for the nation’s treasury was during the republic’s long and chaotic 1910-1924 Revolution. During this time, just about anyone with sufficient boldness and a printing press or blacksmith’s equipment could turn out currency and specie at will. The Treasury’s credibility and jurisdiction were constantly under threat.

Two sweating ‘crazies’ face down weather that chased away every sane farmer and rancher to a better latitude

President-elect Herbert Hoover glowingly declared the United States was “nearer the final triumph over poverty than in the history of any land.”   In office in 1931, he gave Congress what he called a “Corporation” to aid business.  Things got brutally worse.  And Hoover was soundly defeated by Franklin Roosevelt.