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===Economic crises of 1976 and 1982=== Although PRI administrations achieved economic growth and relative prosperity for almost three decades after World War II, the party's management of the economy led to several crises. Political unrest grew in the late 1960s, culminating in the [[Tlatelolco massacre]] in 1968. Economic crises swept the country in 1976 and 1982, leading to the nationalization of Mexico's banks, which were blamed for economic problems ([[La Década Perdida]]).<ref>{{cite book|author=Robert E. Looney|title=Economic Policymaking in Mexico: Factors Underlying the 1982 Crisis|url=https://archive.org/details/economicpolicyma0000loon|url-access=registration|year=1985|publisher=Duke University Press|page=46ff|isbn=0-8223-0557-7}}</ref> On both occasions, the Mexican peso was devalued, and until 2000, it was normal to expect a big devaluation and recession at the end of each presidential term. The [[1994 economic crisis in Mexico|"December Mistake" crisis]] threw Mexico into economic turmoil—the worst recession in over half a century.
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