Under President Cárdenas,the Mexican government

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Under President Cárdenas, the Mexican government took over American oil firms but eventually offered remuneration. This policy, known as the expropriation of oil, aimed to nationalize the oil industry and provide greater economic benefits to the Mexican people. However, it led to tensions with the United States, and Mexico ultimately agreed to compensate the American companies for the seized assets. While Cárdenas did work to improve the lives of the lower classes and promote industrialization, the nationalization of oil remains one of his most significant moves as president.

Under President Cárdenas,the Mexican Government