Bucareli Treaty

rdf:langString Bucareli Treaty

rdf:langString The Bucareli Treaty (Spanish: Tratado de Bucareli), officially the Convención Especial de Reclamaciones (Special Convention of Claims), was an agreement signed in 1923 between México and United States. It settled losses by US companies during the Mexican Revolution. It also dealt with the illegality of potential expropriating American landholding and subsoils for the sake of Mexican public use as well as the ways of calculating compensation and forms of payment, given expropriation was well needed. The treaty sought to channel the demands of US citizens for alleged damage to their property caused by internal wars of the Mexican Revolution from 1910 to 1921. The meetings were held in Mexico City and were conducted in a building owned by the federal government of Mexico at 85 Bucareli Street, hence the treaty's nickname. Negotiations began on May 15, 1923, and ended on August 13. The treaty was signed by Mexican President Álvaro Obregón, primarily to obtain diplomatic recognition from the US government, led by President Warren G. Harding. But the ratification processes were ambiguous in the United States, and even violent and unrecognized in Mexico. Mexican President Plutarco Elías Calles agreed to comply with this treaty after negotiation, but afterward canceled the treaty.