Mexican Purchase
The Mexican Purchase was a successful peaceful transaction between Emperor Vicente I of Mexico and King Augustus II of America.
Purpose
Document Structure
Clauses
America agreed to pay $30 million and forgive Mexico's war debt in exchange for Mexico's sparsely populated northern territories.
Caveats
Mexico had been dealing with unrest in the state of Texas ever since the abolition of slavery. America had been put under the impression these tensions had subsided by the time of purchase of the territory.
Legal status
The legality of the Mexican Purchase has been upheld, despite the newly formed Republic of Mexico's attempts to have it overturned and the territories returned.
Historical Details
Background
America had been wanting to expand its territory and reach the Pacific Ocean. They had already secured Oregon after the War of the North, but the large coast of California had been on the minds of many politicians.
Mexico was in great financial debt following the War of Independence, the Civil War, and the Campaign of Guatemala. Emperor Vicente wished to see the economy stabilize so he might be able to move onto further programs.
Public Reaction
The public and politicians of America had generally positive views on the purchase. Both the Unionist Party and the Republican Party applauded the treaty, viewing it as a means to further American influence and prosperity. However, the Libertarian Party had major concerns regarding the tensions in Texas, believing that it would lead to conflict in the future.
In Mexico, the reaction was mixed. Many conservative politicians were upset by the perceived status of the Empire, while liberals welcomed the economic benefits. Both sides, however, were pleased the issue of Texas had been resolved for the time being. The Mexican public had little to no reaction. The territories were sparsely populated, and the areas that were well populated were on the verge of open rebellion.
Legacy
This agreement eventually caused tensions with the region of Texas, who had been attempting to rebel from Mexico due to the issue of slavery. America was in the process of gradually phasing out the practice, and so Texas eventually rebelled against America. Texas was diminished in size, and the freed slaves were relocated to the now larger territory of Freeman.
Type
Treaty, Diplomatic
Medium
Paper
Authoring Date
1838
Ratification Date
1838
Authors
Signatories (Characters)
Signatories (Organizations)
Comments