thumb|left|200px|Porfirio Díaz, (1876–1911) in whose presidency rapid industrialization took place in foreign capital. The Porfiriato brought unprecedented economic growth during the last quarter of the nineteenth century.Garza, James A. "Porfirio Díaz," in Encyclopedia of Mexico, 406 This growth was accompanied by foreign investment and European immigration, the development of railroad networks and the exploitation of the country's natural resources. Annual economic growth between 1876 and 1910 averaged 3.3%. Large-scale ownership made considerable progress while foreign land companies accumulated millions of hectares. At the end of Porfirio Díaz's dictatorship, 97% of arable land belonged to 1% of the population and 95% of peasants were landless, becoming farmworkers in huge haciendas or forming an impoverished urban proletariat whose revolts were crushed one by one.
thumb|left|200px|Porfirio Díaz, (1876–1911) in whose presidency rapid industrialization took place in foreign capital. The Porfiriato brought unprecedented economic growth during the last quarter of the nineteenth century.Garza, James A. "Porfirio Díaz," in Encyclopedia of Mexico, 406 This growth was accomp.anied by foreign in.vestment and European immigration, the development of railroad networks and the exploitation of the country's natural resources. Annual economic growth between 1876 and 1910 averaged 3.3% Large-scale ownership made considerable progress while foreign land companies accumulated millions of hectares. At the end of Porfirio Díaz's dictatorship, 97% of arable land belonged to 1% of the population and 95% of peasants were landless, becoming farmworkers in huge haciendas or forming an impoverished urban proletariat whose revolts were crushed one by one