The issues that dominate U.S.-Mexico border relations today—integration of economies, policing of boundaries, and the flow of workers from south to north and of capital from north to south—are not recent developments. In this insightful history of the state of Nuevo León, Juan Mora-Torres explores how these processes transformed northern Mexico into a region with distinct economic, political, social, and cultural features that set it apart from the interior of Mexico.

Mora-Torres argues that the years between the establishment of the U.S.-Mexico boundary in 1848 and the outbreak of the Mexican Revolution in 1910 constitute a critical period in Mexican history. The processes of state-building, emergent capitalism, and growing linkages to the United States transformed localities and identities and shaped class formations and struggles in Nuevo León. Monterrey emerged as the leading industrial center and home of the most powerful business elite, while the countryside deteriorated economically, politically, and demographically. By 1910, Mora-Torres concludes, the border states had already assumed much of their modern character: an advanced capitalist economy, some of Mexico's most powerful business groups, and a labor market dependent on massive migrations from central Mexico.

“The Meddlers is an eye-opening, essential new history that places our international financial institutions in the transition from a world defined by empire to one of nation states enmeshed in the world economy.”
—Adam Tooze, Columbia University

An award-winning history traces the origins of global economic governance—and the political conflicts it generates—to the aftermath of World War I.

International economic institutions like the International Monetary Fund and World Bank exert incredible influence over the domestic policies of many states. These institutions date from the end of World War II and amassed power during the neoliberal era of the late twentieth century. But as Jamie Martin shows, if we want to understand their deeper origins and the ideas and dynamics that shaped their controversial powers, we must turn back to the explosive political struggles that attended the birth of global economic governance in the early twentieth century.

The Meddlers tells the story of the first international institutions to govern the world economy, including the League of Nations and Bank for International Settlements, created after World War I. These institutions endowed civil servants, bankers, and colonial authorities from Europe and the United States with extraordinary powers: to enforce austerity, coordinate the policies of independent central banks, oversee development programs, and regulate commodity prices. In a highly unequal world, they faced a new political challenge: was it possible to reach into sovereign states and empires to intervene in domestic economic policies without generating a backlash?

Martin follows the intense political conflicts provoked by the earliest international efforts to govern capitalism—from Weimar Germany to the Balkans, Nationalist China to colonial Malaya, and the Chilean desert to Wall Street. The Meddlers shows how the fraught problems of sovereignty and democracy posed by institutions like the IMF are not unique to late twentieth-century globalization, but instead first emerged during an earlier period of imperial competition, world war, and economic crisis.

After the Revolution of 1910, a powerful group of Monterrey businessmen led by the Garza-Sada family emerged as a key voice of the Mexican private sector. The Monterrey Elite and The Mexican State is the first major historical study of the "Grupo Monterrey," the business elite that transformed Monterrey into a premier industrial center, the "Pittsburgh" of Mexico.

Drawing on archival resources in the United States and Mexico and the work of previous scholars, Alex Saragoza examines the origins of the Monterrey elite. He argues that a "pact" between the new state and business interests was reached by the 1940 presidential elections—an accord that paved the way for the "alliance for profits" that has characterized relations between the Mexican state and capitalists since that time.

More than a standard business history, this study delves into both the intimate social world of the Garza-Sadas and their allies and the ideas, beliefs, and vision of the Monterrey elite that set it apart from and often against the Mexican government. In so doing, The Monterrey Elite and the Mexican State reveals the underlying forces that led to the most historic battle between the private sector and the Mexican state: the dramatic showdown in 1936 between the Garza-Sadas and then President Lázaro Cárdenas in Monterrey, Nuevo León.