The main reason C\u00e1rdenas nationalized Mexico’s oil industry was to
A. curtail foreign investment in this key resource.
B. end corruption within private oil businesses.
C. enable the country to get direct benefit from its vast supplies.
D. better protect the environment and land in the country.<\/p>\n\n\n\n
The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n The correct answer is C. enable the country to get direct benefit from its vast supplies<\/strong>.<\/p>\n\n\n\n L\u00e1zaro C\u00e1rdenas, who served as the President of Mexico from 1934 to 1940, is best known for his significant reforms in the oil industry. The nationalization of Mexico’s oil industry in 1938 was primarily aimed at ensuring that the country itself could reap the economic benefits from its abundant oil resources, rather than allowing foreign companies to profit disproportionately. Before nationalization, the oil sector was largely controlled by foreign companies, mainly American and British firms, which dominated exploration, production, and exportation.<\/p>\n\n\n\n C\u00e1rdenas recognized that oil was a crucial asset for Mexico’s economic independence and growth. The nationalization aimed to reassert national sovereignty over the country’s natural resources and ensure that oil revenues were reinvested into the Mexican economy. By bringing the oil industry under state control, C\u00e1rdenas aimed to finance infrastructure projects, improve education, and support agrarian reform, which were essential for the nation\u2019s development.<\/p>\n\n\n\n While some argue that nationalization was also intended to reduce corruption in the industry (answer B) and provide better environmental protections (answer D), the primary focus remained on economic self-sufficiency and the ability to utilize oil revenues for national benefit. Curtailing foreign investment (answer A) was a consequence of nationalization, but it was not the main objective. Instead, the overarching goal was to ensure that Mexico could directly control and benefit from its oil reserves, which would facilitate the country\u2019s growth and provide funds for social programs.<\/p>\n\n\n\n In conclusion, C\u00e1rdenas’s nationalization of the oil industry was a landmark decision intended to enhance Mexico\u2019s economic standing and to ensure that the wealth generated from its natural resources directly benefited the Mexican people.<\/p>\n","protected":false},"excerpt":{"rendered":" The main reason C\u00e1rdenas nationalized Mexico’s oil industry was toA. curtail foreign investment in this key resource.B. end corruption within private oil businesses.C. enable the country to get direct benefit from its vast supplies.D. better protect the environment and land in the country. The Correct Answer and Explanation is: The correct answer is C. enable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-155926","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/155926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=155926"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/155926\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=155926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=155926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=155926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Explanation:<\/h3>\n\n\n\n