About
José López Portillo was a Mexican politician, lawyer, and writer who served as the 58th president of Mexico from 1976 to 1982. Affiliated with the Institutional Revolutionary Party (PRI), his presidency was characterized by significant economic developments driven by Mexico's oil boom. Despite initial prosperity, his administration faced challenges including rising inflation and corruption. López Portillo's legacy remains a subject of debate in Mexican history.
Career Timeline
Elected President of Mexico
López Portillo assumes presidency amidst economic challenges.
Oil Boom Fuels Growth
Mexico experiences rapid economic growth due to oil revenues.
Economic Crisis Begins
Falling oil prices and mismanagement trigger economic downturn.
Bank Nationalization Controversy
López Portillo nationalizes banks, exacerbating the economic crisis.
Facing widespread criticism
López Portillo is regarded in a negative light.
Death in Mexico City
José López Portillo dies at 84.
Controversial Legacy Remains
López Portillo is remembered for economic mismanagement and corruption.
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Last updated: February 25, 2026