Miguel de la Madrid Hurtado

Miguel de la Madrid Hurtado (born December 12, 1934) was President of Mexico, representing the Institutional Revolutionary Party (PRI), from December 1, 1982 to December 1, 1988.

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De la Madrid studied law at the National Autonomous University of Mexico (UNAM) and Public Administration at Harvard University in the United States.

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He worked for Mexico's central bank and taught law at the UNAM before securing a position at the treasury in 1965. Between 1970 and 1972 he was employed by Pemex, Mexico's state-owned petroleum company, after which he held several other bureaucratic posts in the government of Luis Echeverr?a ?lvarez. In 1976 he was chosen to serve in Jos? L?pez Portillo's cabinet as secretary of budget and planning.

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He was president after L?pez Portillo. He won the elections that took place on July 4, 1982, and took office the following December.

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His time in power was one of the most difficult periods of the country thanks to his predecessor's policies. Inflation skyrocketed on an average of over 100% a year (culminating to an average of 150% between 1985 and 1987), unemployment rates soared to as much as 25% during the mid-1980's, and productivity and income were rapidly falling.

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Although many Mexican view de la Madrid's period as economically bleak and uneventful, this is far from true. It was during this time in which he introduced liberal economic reforms that encouraged foreign investment, as well as widespread privatisations of outdated state-run industries and reduction of tarrifs, a process that would escalate under his sucessor. This is enough to bring him some strong support, but his administration's mishandling of the infamous 1985 earthquake in Mexico City damaged his prestige for refusing international aid.

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The next president was Carlos Salinas.

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December 12: December 12 is the 346th day (347th in leap years) of the year in the Gregorian calendar. There are 19 days remaining....

1934: 1934 was a common year starting on Monday (link will take you to calendar)....

President of Mexico: The President of United Mexican States is the head of state of Mexico. Under the Constitution, the president is also the head of government and the commander-in-chief of the Mexican army, navy, and air force....

Miguel de la Madrid Hurtado related Images and Photos (experimental)

Au Dela de la Figuration	The Madrid Fair in the Plaza De La Cebeda (Detail)	The Madrid Fair in the Plaza de la Cebeda	De La Soul - Car
Venus de la Mer	De la Tierra al Cielo	Oscar De La Hoya	Luz de la Maflana
Ballet De La Rose	Ana de la Reguera	Savon De La Tulipe	Paysage de la Crau