USA

This is a biographical case study of Mexican industrialization, focusing on expatriate U.S. businessman William O. Jenkins (1878-1963). I trace Jenkins’ career in textiles, land speculation, sugar, banking, and film, using it as a forum for themes that flesh out the economic and political history of modern Mexico. Chief among these themes are Mexico’s substantial but socially unequal capitalistic development; interdependent relationships between business elites and the state; the role of the regions in Mexican development; and a tradition of viewing U.S. industrialists as enemies of national progress. I use Jenkins to illustrate the ability of Mexico’s business elite to negotiate the hazards of the 1910-1920 Revolution and the property expropriations that followed.