Agriculture, commerce, and mining were the engines that drove New Spain, and past historians have treated these economic categories as sociological phenomena as well. For these historians, society in eighteenth-century New Spain was comprised, on the one hand, of creoles, feudalistic land barons who were natives of the New World, and, on the other, of peninsulars, progressive, urban merchants born on the Iberian peninsula. In their view, creole-peninsular resentment ultimately led to the wars for independence that took place in the American hemisphere in the early nineteenth century. Richard B. Lindley’s study of Guadalajara’s wealthy citizens on the eve of independence contradicts this view, clearly demonstrating that landowners, merchants, creoles, and peninsulars, through intermarriage, formed large family enterprises with mixed agricultural, commercial, and mining interests. These family enterprises subdued potential conflicts of interest between Spaniards and Americans, making partners of potential competitors. When the wars for national independence began in 1810, Spain’s ability to protect its colonies from outside influence was destroyed. The resultant influx of British trade goods and finance shook the structure of colonial society, as abundant British capital quickly reduced the capital shortage that had been the main reason for large-scale, diversified family businesses. Elite family enterprises survived, but became less traditional and more specialized institutions. This transformation from traditional, personalized community relations to modern, anonymous corporations, with all that it implied for government and productivity, constitutes the real revolution that began in 1810.

This classic history of the Mexican hacienda from the colonial period through the nineteenth century has been reissued in a silver anniversary edition complete with a substantive new introduction and foreword. Eric Van Young explores 150 years of Mexico's economic and rural development, a period when one of history's great empires was trying to extract more resources from its most important colony, and when an arguably capitalist economy was both expanding and taking deeper root. The author explains the development of a regional agrarian system, centered on the landed estates of late colonial Mexico, the central economic and social institution of an overwhelmingly rural society.

Agriculture, commerce, and mining were the engines that drove New Spain, and past historians have treated these economic categories as sociological phenomena as well. For these historians, society in eighteenth-century New Spain was comprised, on the one hand, of creoles, feudalistic land barons who were natives of the New World, and, on the other, of peninsulars, progressive, urban merchants born on the Iberian peninsula. In their view, creole-peninsular resentment ultimately led to the wars for independence that took place in the American hemisphere in the early nineteenth century. Richard B. Lindley’s study of Guadalajara’s wealthy citizens on the eve of independence contradicts this view, clearly demonstrating that landowners, merchants, creoles, and peninsulars, through intermarriage, formed large family enterprises with mixed agricultural, commercial, and mining interests. These family enterprises subdued potential conflicts of interest between Spaniards and Americans, making partners of potential competitors. When the wars for national independence began in 1810, Spain’s ability to protect its colonies from outside influence was destroyed. The resultant influx of British trade goods and finance shook the structure of colonial society, as abundant British capital quickly reduced the capital shortage that had been the main reason for large-scale, diversified family businesses. Elite family enterprises survived, but became less traditional and more specialized institutions. This transformation from traditional, personalized community relations to modern, anonymous corporations, with all that it implied for government and productivity, constitutes the real revolution that began in 1810.

During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.

Perhaps no other institution has had a more significant impact on Latin American history than the large landed estate—the hacienda. In Mexico, the latifundio, an estate usually composed of two or more haciendas, dominated the social and economic structure of the country for four hundred years. A Mexican Family Empire is a careful examination of the largest latifundio ever to have existed, not only in Mexico but also in all of Latin America—the latifundio of the Sánchez Navarros. Located in the northern state of Coahuila, the Sánchez Navarro family's latifundio was composed of seventeen haciendas and covered more than 16.5 million acres—the size of West Virginia. Charles H. Harris places the history of the latifundio in perspective by showing the interaction between the various activities of the Sánchez Navarros and the evolution of landholding itself. In his discussion of the acquisition of land, the technology of ranching, labor problems, and production on the Sánchez Navarro estate, and of the family's involvement in commerce and politics, Harris finds that the development of the latifundio was only one aspect in the Sánchez Navarros' rise to power. Although the Sánchez Navarros conformed in some respects to the stereotypes advanced about hacendados, in terms of landownership and the use of debt peonage, in many important areas a different picture emerges. For example, the family's salient characteristic was a business mentality; they built the latifundio to make money, with status only a secondary consideration. Moreover, the family's extensive commercial activities belie the generalization that the objective of every hacendado was to make the estates self-sufficient. Harris emphasizes the great importance of the Sánchez Navarros' widespread network of family connections in their commercial and political activities. A Mexican Family Empire is based on the Sánchez Navarro papers—75,000 pages of personal letters, business correspondence, hacienda reports and inventories, wills, land titles, and court records spanning the period from 1658 to 1895. Harris's thorough research of these documents has resulted in the first complete social, economic, and political history of a great estate. The geographical and chronological boundaries of his study permit analysis of both continuity and change in Mexico's evolving socioeconomic structure during one of the most decisive periods in its history—the era of transition from colony to nation.

During the eighteenth century the Bajio emerged from its frontier condition to become the pace-maker of the Mexican economy. Silver mining boomed and population increased rapidly. It is the aim of this book to examine the impact of these dramatic changes on the structure of agricultural production and the pattern of rural society. In his Miners and Merchants in Bourbon Mexico 1763-1810 (Cambridge Latin American Studies 10) Dr Grading demonstrated how the local entrepreneurial elite accumulated vast fortunes during the mining bonanza at Guanajuato. In this present work he describes how many of the same men invested their capital in the purchase and improvement of haciendas in the nearby district of Leon. The countryside was transformed as wasteland was cleared for ploughing, or was irrigated.