Nickel Money Riot of 1883: Mexico City Erupts in Protest Over Currency Change

 

In the City of Mexico a bloody riot occurred on the 21st, because the new nickel money was refused at the market. A mob paraded the streets, breaking windows, and all places of business were immediately closed. Cavalry charged the crowd and restored order. Six persons were killed and several others were wounded.

Historical Cause & Significance

The riot of December 21, 1883, in Mexico City was sparked by public rejection of newly issued nickel coins. These coins were introduced as part of President Manuel González’s economic reforms, intended to modernize currency circulation. However, the coins quickly became unpopular because they were perceived as debased, holding less intrinsic value than the silver coins traditionally used.

Market vendors refused to accept the nickel money, leading to public outrage. The ensuing violence resulted in multiple deaths and injuries, and it revealed deep mistrust between the Mexican government and its citizens over economic policy. This event underscored the fragile state of Mexico’s monetary system in the late 19th century and contributed to public resentment toward González’s administration, paving the way for the return of Porfirio Díaz to power in 1884.

Citation

The Telegraph-Courier (Painesville, Ohio). “In the City of Mexico a bloody riot…” December 28, 1883, p. 1.