NAFTA in the context of "Carlos Salinas de Gortari"

The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico. The peso was first introduced in 1863, replacing the old Spanish colonial real. The Mexican peso is subdivided into 100 centavos, represented by "¢". Mexican banknotes are issued by the Bank of Mexico in various denominations and feature vibrant colors and imagery representing Mexican culture and history. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$".

The current ISO 4217 code for the peso is MXN; the "N" refers to the "new peso". Prior to the 1993 revaluation, the code MXP was used. The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. As of 11 November 2025, the peso's exchange rate was $18.32 per U.S. dollar, $13.07 per Canadian dollar, $24.07 per Pound sterling and $21.21 per Euro.

The United Auto Workers (UAW), fully named International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, is an American labor union that represents workers in the United States (including Puerto Rico) and southern Ontario, Canada.

It was founded as part of the Congress of Industrial Organizations (CIO) in the 1930s and grew rapidly from 1936 to the 1950s. The union played a major role in the liberal wing of the Democratic Party under the leadership of Walter Reuther (president 1946–1970). It was known for gaining high wages and pensions for automotive manufacturing workers, but it was unable to unionize auto plants built by foreign-based car makers in the South after the 1970s, and it went into a steady decline in membership; reasons for this included increased automation, decreased use of labor, mismanagement, movements of manufacturing (including reaction to NAFTA), and increased globalization. After a successful strike at the Big Three in 2023, the union organized its first foreign plant (VW) in 2024.

Agriculture in Mexico has been an important sector of the country’s economy historically and politically even though it now accounts for a very small percentage of Mexico’s GDP. Mexico is one of the cradles of agriculture with the Mesoamericans developing domesticated plants such as maize, beans, tomatoes, squash, cotton, vanilla, avocados, cacao, and various spices. Domestic turkeys and Muscovy ducks were the only domesticated fowl in the precolumbian era, and small dogs were also raised for food. There were no large domesticated animals, such as cattle or pigs.

During the early colonial period, the Spanish introduced more plants and the concept of animal husbandry, principally cattle, horses, donkeys, mules, goats and sheep, and barnyard animals such as chickens and pigs. Farming from the colonial period until the Mexican Revolution was focused on large private properties. After the Revolution, these were broken up and the land redistributed. Since the latter 20th century NAFTA and economic policies have again favoured large scale commercial agricultural holdings.