Abstract

GRIJALVA DIAZ, Ana Isabel  and  ANAYA MERCHANT, Luis. Bankruptcy of the Banco de Sonora after the political conjuncture of the Plan de Hermosillo, 1929-1933. Región y sociedad [online]. 2020, vol.32, e1205.  Epub Aug 07, 2020. ISSN 2448-4849.  https://doi.org/10.22198/rys2020/32/1205.

The purpose of this paper is to analyze the factors related to the Banco de Sonora’s bankruptcy and to identify the cash-flow problems which impeded its operations resumption after the indirectly provoked by the Plan de Hermosillo bank run during 1929. The study is carried out from the perspective of the liberal banking model of issuance in which the bank was circumscribed. The results warn that the Banco de Sonora neglected its finances by granting large amounts of financing to a few clients without verifying their credit recovery capacity. This investigation reveals that the Chinese individuals living in Sonora were not responsible for the Banco de Sonora’s bankruptcy as noted by the Sonoran historiography. It is concluded that the bank was financially weak when it resumed operations (1922) under the legal nature of those financial business specially dedicated to mining, agriculture and industrial operations through privileged loans without mortgage.

Keywords : Banco de Sonora; Banco Mercantil y Agrícola; Plan de Hermosillo.

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