New International Airport for Mexico City New International Airport for Mexico City Mexico City's New International Airport (NAICM) was announced in the State of the Union address of Mexican president Enrique Peña Nieto on September 2, 2014, and was the largest public infrastructure work in Mexico in a century. The new airport was set to replace current Benito Juárez International Airport, the busiest airport in Latin America transporting 41.7 million passengers in 2016. The development of NAICM was planned in four stages. Phase I, was scheduled to open by October 20, 2020, would have consisted of one main terminal of and three independent runways, which would
Great Depression in Latin America pulled out their troops in 1936. In Brazil and in other Latin American countries such as Mexico, responses to the Great Depression also led to a strengthening of the industrialization process (begun in the nineteenth century). Brazil needed an economic alternative to the highly devalued coffee, its main commodity at the time. The Vargas government started to purchase and burn coffee from the farmers, in order to avoid their complete bankruptcy. Great Depression in Latin America The Great Depression which followed the US stock market crash of 1929 badly affected the countries of Latin America. Chile, Peru, and Bolivia were,