Cinco de Mayo es una Deuda Devolvió

That’s one way to handle debt…

¿Cuándo es el cinco de mayo? It’s this Tuesday. That’s the day millions commemorate Mexico rising up against the repo man… who happened to try to take over the country. Cinco de Mayo celebrations have nothing to do with Mexico’s Independence Day, which falls on September 16. Look at the history of cinco de mayo and you’ll see that the holiday commemorates the victory of the Mexican militia over the French army at The Battle Of Puebla in 1862.

Here’s the deal. Mexico had gained independence from Spain in 1821 after a difficult struggle. Internal strife, including the Mexican-American War (1846-1848) and Mexican Civil War of 1858, had ruined the nation’s economy. Mexico’s cash advance debts to Spain, England and France were heavy, the lenders wished to collect and debt relief was in order.

Napoleon: more eager to collect than most

France was in empire building mode, in no small part due to the appetites of Napoleon. Once Mexico stopped making loan repayments, France named Napoleon III’s relative, Archduke Maximilian of Austria, as ruler of Mexico and sent armies to take over Mexico City. Mexico appealed to the United States for aid, but President Lincoln’s hands were mostly tied by the ensuing Civil War in America. ... click here to read the rest of the article titled "Cinco de Mayo es una Deuda Devolvió"