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This article studies the business strategies and capacity of small and medium-sized mining enterprises that operated in the Pachuca-Real del Monte mining district in Mexico in the late 19 th century. In a regional economic context dominated by the monopoly of the Compania de Minas Real del Monte y Pachuca , small and medium-sized enterprises managed to obtain advantages from both the silver depreciation in the international currency markets and the Mexican public policies focused precisely on mitigating the fall in the price of silver after 1873. The way that some minor and medium-sized local entrepreneurs injected new life into mining activities in the region, thereby actually benefiting from the international circumstances, is analysed. In sum, it was the small and medium-sized mining companies that supported the productive and business development that characterized the period of mining growth in the district during the dictatorship of President Porfirio Diaz.

Depreciación de la plata, políticas públicas y desarrollo empresarial. Las pequeñas y medianas empresas mineras mexicanas de Pachuca y Real del Monte