The Mexican government suffered from similar issues as the old American federal government. Centuries of insider dealings and graft had generated a culture of corruption that no citizen trusted. And America’s default on Mexican loans brought down the government that approved them. They had thought it a safe investment. Everybody knew that American never defaulted on loans, after all. They failed to recognize that there is a first time for everything, and America had gone too far into debt to ever pay it off. They followed the American federal government into ruin and what came far too close to being the world’s end.