Reading (General)
This group of people significantly contributed to U.S. border economies by purchasing goods in American cities.
What are Mexican shoppers?
To attract Mexican customers, U.S. border retailers accepted this currency alongside the U.S. dollar
What are pesos?
This happened in 1976.
What is peso devaluation?
The 2 most visible characteristics of the U.S.-Mexico border region that led to the anti-Mexican sentiment.
What is the rise of drug smuggling and undocumented immigration
During the 1970s and 1980s, this economic event devastated both Mexican shoppers and U.S. border retailers
What is the peso devaluation?
This act had SBA loans cancelled in 1981
What is Omnibus Reconciliation Act?
This U.S. border city saw some of the highest retail profits per square foot due to Mexican shoppers
What is Laredo, Texas?
What are lowering prices, extending store credit, and accepting pesos at better exchange rates?
This person helped improve the Mexican economy in the late 1980's
What is Carlos Sanlinas de Gartori
This false narrative portrays Mexican migrants as a threat to U.S. society rather than economic contributors
What is the Latino Threat Narrative?
During the peso crisis, desperate retailers turned into this type of currency trader to make money
What are coyotes?
This was the value of the peso in 1986
What is 410 peso per dollar
This 1994 trade agreement increased economic ties between the U.S and Mexico but also shifted retail dynamics
What is NAFTA?
After the 1982 devaluation, Mexican consumer spending in border cities dropped from almost $5 billion to this much
What is $450 million?
This was the value and inflation rate of the peso in 1987.
2500 peso per dollar / 159%