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After its independence from Spain in 1821 Mexico has had rapid industrialization rate It became present in Mexico when Porfirio Diaz had become president in 1871 During his reign he was able to install a stable federal government with secure financial and industrial supports However the vast expansions of both manufacturing and mining outputs encouraged a role of government in the economy Diaz began to make economical reforms which brought both positive and negative results many say that these reforms were a necessary foundation to help the country rapidly grow industrially however the close ties between some of the leading figures in the Diaz regime and major companies were benefiting disproportionately The Porfiriato lasted over 35 years in which Diaz became more refined making racial groups segregating native Indians from basic society He was known for his favoritism within parliament and trying to ensure the long-term economic and industrial growth in Mexico The people of Mexico were divided into two classes there were elites and peasants Little or no benefits came out of the Diaz regime for the impoverished majority of Mexicans In the mid 1893 Mexico introduced economic policies which focused on import tariffs intellectual property institutions and Industrias Neuvas The New Industry Industrias Neuvas was a program which provided incentives and tax breaks to entrepreneurs which would benefit Mexico At the time it was thought that raising incentives to encourage industrial growth was socially desirable and that a modern industrial sector would be needed After these incentives were raised there was a boom in industrial growth for two decades based on the expansion of mining and the expansion of the railroads used to support other extractive industries In 1890 Mexico experienced foreign support from investors who began to provide substantial resources especially the production of domestic manufactures Many historians believe that Diaz understood the basic needs of an infant industry such as his move for tariffs and support for long-term growth Between
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