This image shows the front page of the March 19, 1938, edition of The El Paso Times with an AP story, “Mexico Seizes U.S., British Oil Interests.” Mexico took control of its most precious natural resource by seizing the oil sector from U.S. companies in 1938, in a move that’s taught starting in first grade today and celebrated each year as a great patriotic victory. This image shows the front page of the March 19, 1938, edition of The El Paso Times with an AP story, “Mexico Seizes U.S.
President Lazaro Cardenas tonight announced expropriation by the government of foreign oil companies operating in Mexico. The announcements was made less than two hours before the time set by the Mexican Oil Workers’ Syndicate for a nation-wide “folded arms strike” as the outcome of months of labor dispute.U.S.