José Yves Limantour
Encyclopedia
José Yves Limantour was a Mexican
politician, Secretary of the Finance of Mexico from 1893 until the fall of the Porfirio Díaz
regime in 1911.
José Yves Limantour was the illegitimate son of Joseph Yves Limantour
.
Limantour is considered the political leader of the technocratic advisors to President Díaz known as Científico
s who were educated and wanted expanded intellectualism and prosperity in Mexico, thus they supported the Diaz regime because of his support of the modernization of Mexico, yet they also wanted expanded freedom. Limantour became one of the central leaders of the Científicos in 1895 after the death of Romero Rubio. As Secretary of Finance, he expanded foreign investment into Mexico, supported free trade, and balanced the budget for the first time and generated a budget surplus by 1894. However, even with the economic prosperity of Mexican business, the common people of the country suffered because of the rising cost of food.
Towards the end of the Diaz government, Diaz felt that Limantour was becoming too powerful, and thus he sent him to Europe to negotiate loans. Then, after the collapse of the government, he returned to Mexico and encouraged Díaz to resign. Then they both retreated to France, where he died in 1935.
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
politician, Secretary of the Finance of Mexico from 1893 until the fall of the Porfirio Díaz
Porfirio Díaz
José de la Cruz Porfirio Díaz Mori was a Mexican-American War volunteer and French intervention hero, an accomplished general and the President of Mexico continuously from 1876 to 1911, with the exception of a brief term in 1876 when he left Juan N...
regime in 1911.
José Yves Limantour was the illegitimate son of Joseph Yves Limantour
Joseph Yves Limantour
Joseph Yves Limantour was a French merchant who engaged in the California sea trade during the years preceding American occupation of that Mexican province in 1846...
.
Limantour is considered the political leader of the technocratic advisors to President Díaz known as Científico
Científico
The Científicos were a circle of technocratic advisors to President of Mexico Porfirio Díaz....
s who were educated and wanted expanded intellectualism and prosperity in Mexico, thus they supported the Diaz regime because of his support of the modernization of Mexico, yet they also wanted expanded freedom. Limantour became one of the central leaders of the Científicos in 1895 after the death of Romero Rubio. As Secretary of Finance, he expanded foreign investment into Mexico, supported free trade, and balanced the budget for the first time and generated a budget surplus by 1894. However, even with the economic prosperity of Mexican business, the common people of the country suffered because of the rising cost of food.
Towards the end of the Diaz government, Diaz felt that Limantour was becoming too powerful, and thus he sent him to Europe to negotiate loans. Then, after the collapse of the government, he returned to Mexico and encouraged Díaz to resign. Then they both retreated to France, where he died in 1935.
External links
- Guide to the José Yves Limantour Papers at The Bancroft Library