1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
finlep [7]
3 years ago
14

Which explains why the value of the peso has dropped significantly since the early 1990s?

History
2 answers:
storchak [24]3 years ago
8 0
A banking crisis in the 1990s followed by a global recession in 2008
Tomtit [17]3 years ago
4 0

The answer is: a banking crisis in the 1990s followed by a global recession in 2008.

During the government of Carlos Salinas in Mexico (1988-1994), the banks in Mexico were privatized which led to a banking crisis based on corrupt and unsupervised banking practices that, amongst many other factors (social unrest and geopolitical relationships and treaties), led to the “tequila crisis” in Mexico, which eventually affected the whole of the world´s economy. During this time, the Mexican peso was significantly devaluated.

Later, in 2008, due to the global recession that originated in the USA, Mexico felt, and still feels, the consequences of this economic hardship: the peso, during these years, has gone from being worth less than 10 pesos per dollar, to 20 pesos per dollar.  

You might be interested in
Why is Ben Franklin sent to France in 1776?
Verizon [17]

Answer:

Franklin served from 1776 to 1778 on a commission to France charged with the critical task of gaining French support for American independence. French aristocrats and intellectuals embraced Franklin as the personification of the New World Enlightenment.

Explanation:

3 0
2 years ago
Read 2 more answers
What is the correct chronological order of the following events in the history of ancient greece?
maks197457 [2]
The correct answer to this question is: 3-4-2-1.
<span>The correct chronological order of the following events in the history of ancient Greece is first is the (4)</span><span> Age of colonization. It was followed by the (</span><span>3) Dark age. Then, the (2)</span><span> Persian war and lastly the (1)</span><span> Pelopennesian War (4321-404 B.C.).</span>
4 0
2 years ago
What is one type of food that is considered unclean according to Jewish dietary laws?
katrin [286]

Answer:

Pork

Explanation:

any meat from pigs.

8 0
2 years ago
Read 2 more answers
Explain one way in which Enlightenment thinkers in Britain and America were similar in the period 1750-1900.
Hunter-Best [27]

The very existence of an English Enlightenment has been hotly debated by scholars. The majority of textbooks on British history make little or no mention of an English Enlightenment. Some surveys of the entire Enlightenment include England and others ignore it, although they do include coverage of such major intellectuals as Joseph Addison, Edward Gibbon, John Locke, Isaac Newton, Alexander Pope, Joshua Reynolds and Jonathan Swift.Roy Porter argues that the reasons for this neglect were the assumptions that the movement was primarily French-inspired, that it was largely a-religious or anti-clerical, and that it stood in outspoken defiance to the established order. Porter admits that, after the 1720s, England could claim thinkers to equal Diderot, Voltaire or Rousseau. However, its leading intellectuals such as Edward Gibbon, Edmund Burke and Samuel Johnson were all quite conservative and supportive of the standing order. Porter says the reason was that Enlightenment had come early to England and had succeeded so that the culture had accepted political liberalism, philosophical empiricism, and religious toleration of the sort that intellectuals on the continent had to fight for against powerful odds. Furthermore, England rejected the collectivism of the continent and emphasized the improvement of individuals as the main goal of enlightenment.

several Americans, especially Benjamin Franklin and Thomas Jefferson, played a major role in bringing Enlightenment ideas to the New World and in influencing British and French thinkers. Franklin was influential for his political activism and for his advances in physics. The cultural exchange during the Age of Enlightenment ran in both directions across the Atlantic. Thinkers such as Paine, Locke and Rousseau all take Native American cultural practices as examples of natural freedom. The Americans closely followed English and Scottish political ideas, as well as some French thinkers such as Montesquieu. As deists, they were influenced by ideas of John Toland (1670–1722) and Matthew Tindal (1656–1733). During the Enlightenment there was a great emphasis upon liberty, republicanism and religious tolerance. There was no respect for monarchy or inherited political power. Deists reconciled science and religion by rejecting prophecies, miracles and Biblical theology. Leading deists included Thomas Paine in The Age of Reason and by Thomas Jefferson in his short Jefferson Bible – from which all supernatural aspects were removed.

7 0
3 years ago
How did the Black Death affect people's lives?
sdas [7]

Answer:

Sufferers developed hugely swollen lymph nodes, fevers and rashes, and vomited blood. The symptom that gave the disease its name was black spots on the skin where the flesh had died. Scientists long believed that the Black Death killed indiscriminately.

Explanation:

come to my page and help me

4 0
2 years ago
Read 2 more answers
Other questions:
  • Which change was needed for African American men throughout the United States to be able to vote in Congressional elections?
    5·2 answers
  • How did Americans differ on major social and cultural issues in the 1920’s
    13·1 answer
  • What were some key events of the Trump Administration?
    12·1 answer
  • Laissez faire in a sentence
    12·1 answer
  • When the Union Army invaded the South in 1861 starting the Civil War, it was not about slavery according to President Lincoln. H
    12·1 answer
  • What was a major result of Henry Fords innovative manufacturing techniques?
    8·1 answer
  • With more women seeking work, and jobs openly
    14·1 answer
  • What was one reason the Operation Barbarossa became a turning point in the war?
    6·2 answers
  • Is Cahokia north or south of the Gulf of Mexico?
    9·1 answer
  • Why did the Red cloud war happen?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!