The People of Sonora and Yankee Capitalists
Capitalism, the economic system of Western Europe and the United States at the turn of the century, had a major impact on every country of the Third World. In the Western Hemisphere, no country escaped its influence, particularly the North American version, increasingly omnipotent. Mexico, next door to the powerful colossus, often felt the brunt of that impact. The People of Sonora and Yankee Capitalists examines how the advent of North American dollars between 1882 and 1910 helped reshape the economic, social, and political contours of a Mexican province on the border of Arizona. The activity of Yankee promoters, particularly miners, land speculators, and cattle barons, altered dramatically the colonial structure left behind by its former Spanish masters. Even the psychology of the inhabitants of Sonora underwent a kind of metamorphosis. This book, in short, explains what happened to Mexico’s traditional society when Yankee capitalists made their appearance.
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"Ruiz charts in great detail the process by which Sonora became an economic dependency of the U.S. between 1880 and 1910. American capital financed huge developments in mining, ranching and agriculture. Social, political and economic change are well, and fascinatingly, documented for this vital period of the state's history."—Books of the Southwest
"Ruiz's work makes a valuable contribution to the understanding of the phenomenon of dependency. . . . It is highly recommended for both graduate and undergraduate collection."—Journal of Developing Societies
"This admirable book will prove useful to specialists and students of modern Mexico in understanding the contradictions and shortcomings of economic development under the dictatorship of Porfirio Díaz, tyrannical state governors, and jefes politicos."—Locus
"A very readable, very informative account that is must reading for the Mexicanist—whether historian, political scientist, economist, sociologist, or anthropologist."—Journal of Developing Areas