Events occurring on Friday, March 18, 1938  
  Mexico Before WW2  
  The Mexican government announced that the state would take over the property of American and British oil companies operating in Mexico. The total value of the nationalized property exceeded $450 million. The U.S. and British governments immediately protested against this policy. The administration of U.S. President Franklin D. Roosevelt canceled silver purchases from Mexico as a retaliatory measure. The British government went further, suspending diplomatic relations with Mexico. The Mexican public response unanimously supported the government action. The nationalization program clearly strained Mexico's relations with the U.S. and Britain.  
     
   
  March 1938 Calendar  
   
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