Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842

This article analyzes one episode of financial diplomacy: the negotiations for the restructuring of Mexico’s external debt that occurred from 1836 to 1842. Here, the Mexican government made use of a financial agent, the firm of F. de Lizardi and Company, owned by a family of Mexican origin. The prop...

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Autor principal: Martínez Carmona, Gabriel
Formato: Online
Idioma:español
Editor: El Colegio de México, A.C. 2022
Materias:
Acceso en línea:https://historiamexicana.colmex.mx/index.php/RHM/article/view/4360
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Historia Mexicana

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author Martínez Carmona, Gabriel
author_facet Martínez Carmona, Gabriel
author_sort Martínez Carmona, Gabriel
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description This article analyzes one episode of financial diplomacy: the negotiations for the restructuring of Mexico’s external debt that occurred from 1836 to 1842. Here, the Mexican government made use of a financial agent, the firm of F. de Lizardi and Company, owned by a family of Mexican origin. The proposal made to bondholders involved the creation of a consolidated fund that would combine the two original loans, with old bonds being exchanged for new ones, half of which would not generate interest and could be exchanged for land in northern Mexico. This strategy allowed the interest to be reduced by half and allowed for the colonization of the country’s north, thus creating a barrier to the expansionist interests of the United States, particularly in Texas. Following the proposals of Gould and Fernández, this article seeks to analyze the role of the financial agent as an intermediary between different interests, arguing that this financial intermediary acted more as a “connection” than a “representative,” and so Mexico’s financial interests were affected by the final settlement. For this purpose, there is extensive analysis of the correspondence between the financial agent, the different representatives of Mexico in London, the bondholders and the Mexican Finance and Foreign Affairs ministers, which are stored in Mexico’s Foreign Affairs Archive, as well as the contemporary press.
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journal Historia Mexicana
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Terms_governing_use_and_reproduction_note Derechos de autor 2021 Historia Mexicana
data_source_entry/ISSN Historia Mexicana; Vol. 71, Núm 3 (283) enero-marzo 2022; 1193-1234
2448-6531
0185-0172
spelling oai:oai.historiamexicana.colmex.mx:article-43602025-07-10T17:06:28Z Financial Diplomacy and Mediation in the Renegotiation of Mexico’s External Debt, 1836-1842 Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842 Martínez Carmona, Gabriel Mexico United States external debt financial agent diplomacy 19th Century México Estados Unidos deuda externa agente financiero diplomacia siglo XIX This article analyzes one episode of financial diplomacy: the negotiations for the restructuring of Mexico’s external debt that occurred from 1836 to 1842. Here, the Mexican government made use of a financial agent, the firm of F. de Lizardi and Company, owned by a family of Mexican origin. The proposal made to bondholders involved the creation of a consolidated fund that would combine the two original loans, with old bonds being exchanged for new ones, half of which would not generate interest and could be exchanged for land in northern Mexico. This strategy allowed the interest to be reduced by half and allowed for the colonization of the country’s north, thus creating a barrier to the expansionist interests of the United States, particularly in Texas. Following the proposals of Gould and Fernández, this article seeks to analyze the role of the financial agent as an intermediary between different interests, arguing that this financial intermediary acted more as a “connection” than a “representative,” and so Mexico’s financial interests were affected by the final settlement. For this purpose, there is extensive analysis of the correspondence between the financial agent, the different representatives of Mexico in London, the bondholders and the Mexican Finance and Foreign Affairs ministers, which are stored in Mexico’s Foreign Affairs Archive, as well as the contemporary press. El objetivo del artículo consiste en analizar un episodio de diplomacia financiera: las negociaciones establecidas para la reprogramación de la deuda externa de México entre 1836 y 1842. En éstas, el gobierno mexicano se valió de un agente financiero, la casa comercial F. de Lizardi y compañía, cuya familia era de origen mexicano. El proyecto propuesto a los tenedores de bonos implicaba la creación de un fondo consolidado que unificara los dos préstamos originarios e intercambiara los viejos bonos por nuevos, la mitad de los cuales no generaría intereses y podría intercambiarse por terrenos en el norte de México. La estrategia consistía en reducir la totalidad de intereses a la mitad, colonizar el norte del país y así generar un bloqueo a los intereses expansionistas de Estados Unidos, particularmente en Texas. A su vez, se busca analizar el papel del agente financiero como un intermediario entre intereses, siguiendo la propuesta de Gould y Fernández. Lo que sostengo es que el intermediario financiero actuó más como un “enlace” que como un “representante”, razón por la que los intereses mexicanos se vieron afectados en el resultado final de las negociaciones. Para lograr el objetivo, se hace uso de una extensa correspondencia entre el agente financiero, los distintos representantes mexicanos en Londres, los tenedores de bonos y los ministros de Hacienda y Relaciones del gobierno mexicano, resguardada en el Archivo de Relaciones Exteriores de México, así como hemerografía de la época. El Colegio de México, A.C. 2022-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/xml https://historiamexicana.colmex.mx/index.php/RHM/article/view/4360 10.24201/hm.v71i3.4360 Historia Mexicana; Vol. 71, Núm 3 (283) enero-marzo 2022; 1193-1234 2448-6531 0185-0172 spa https://historiamexicana.colmex.mx/index.php/RHM/article/view/4360/4632 https://historiamexicana.colmex.mx/index.php/RHM/article/view/4360/4728 Derechos de autor 2021 Historia Mexicana
spellingShingle Mexico
United States
external debt
financial agent
diplomacy
19th Century
México
Estados Unidos
deuda externa
agente financiero
diplomacia
siglo XIX
Martínez Carmona, Gabriel
Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842
title Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842
title_alt Financial Diplomacy and Mediation in the Renegotiation of Mexico’s External Debt, 1836-1842
title_full Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842
title_fullStr Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842
title_full_unstemmed Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842
title_short Diplomacia financiera e intermediación en la renegociación de la deuda externa mexicana, 1836-1842
title_sort diplomacia financiera e intermediacion en la renegociacion de la deuda externa mexicana 1836 1842
topic Mexico
United States
external debt
financial agent
diplomacy
19th Century
México
Estados Unidos
deuda externa
agente financiero
diplomacia
siglo XIX
topic_facet Mexico
United States
external debt
financial agent
diplomacy
19th Century
México
Estados Unidos
deuda externa
agente financiero
diplomacia
siglo XIX
url https://historiamexicana.colmex.mx/index.php/RHM/article/view/4360
work_keys_str_mv AT martinezcarmonagabriel financialdiplomacyandmediationintherenegotiationofmexicosexternaldebt18361842
AT martinezcarmonagabriel diplomaciafinancieraeintermediacionenlarenegociaciondeladeudaexternamexicana18361842