Restored archive. The original History Commons is no longer online; this is a read-only edition of its timelines. Content is licensed CC BY-NC-SA.

History Commons Archive

Restored archive of the open-content investigative journalism project

August 1982: Mexico Defaults on its Foreign Debts

The Mexican government temporarily suspends payments of its foreign debt and requests that the US offer some form of emergency aid. It also devalues the peso again by 60 percent. [Hart-Landsberg, 12/2002]