Status Updates From Why Nations Fail: The Origi...

Mexico’s political instability&authoritarian leaders led to banking monopoly, so no competition and obv inaccessible financial institutions for many. The US being able to keep their politicians in check with elections killed the monopolistic state banking system attempt.

Napoleon’s activity over Spain led to Cortes laws, which caused an opposition/freedom movement from Latin American local elites, wow. A lot of political instability was caused by efforts to keep the colonial structure and institutions alive, making Mexico poorer. The US, though as imperfect as they were, somewhat had the distribution of that power through the seats, which paid off in the long run.