By Brian L. Price (auth.)
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Extra info for Cult of Defeat in Mexico’s Historical Fiction: Failure, Trauma, and Loss
Thanks in large part to steadily increasing oil prices, the peso was stronger than it had ever been, and Mexico seemed stable. Throughout the 1960s, the economy remained pinned to petroleum, which led to problems when the 1970s oil crisis cut into profits. To maintain its growth rate, Mexico took out massive loans and transitioned from net exportation of raw materials to net importation. Trouble began in February 1982 when the Banco de México allowed the peso to float on the international market and, in the ensuing devaluation, the peso lost nearly half of its value.
Weeks later Ibargüengoitia enrolled in a Dramatic Theory and Composition class at the Universidad Nacional Autónoma de México (UNAM) taught by Rodolfo Usigli, the author of the historical Corona trilogy and the leading Mexican playwright of the day, where he quickly distinguished himself as Usigli’s prize pupil. Despite this distinction, Ibargüengoitia never enjoyed the master’s full approval. Usigli was critical of his colloquial dialogues, emphasis on blasé domestic affairs, and lack of sobriety; Ibargüengoitia in turn was turned off by the master’s monumental posturing, heavy-handed epic style, and self-serving criticisms.
He agreed to attend and was so impressed by what he saw that when the motor protested again A Mexican Comedy of Errors 33 the following morning, he gave up farm life. Weeks later Ibargüengoitia enrolled in a Dramatic Theory and Composition class at the Universidad Nacional Autónoma de México (UNAM) taught by Rodolfo Usigli, the author of the historical Corona trilogy and the leading Mexican playwright of the day, where he quickly distinguished himself as Usigli’s prize pupil. Despite this distinction, Ibargüengoitia never enjoyed the master’s full approval.