In pre-Columbian Mexico many cultures matured into advanced civilizations such as the Olmec, the Toltec, the Teotihuacan, the Zapotec, the Maya and the Aztec before first contact with Europeans. In 1521, the Spanish Empire conquered and colonized the territory from its base in México Tenochtitlan, which was administered as the Viceroyalty of New Spain. This territory would eventually become Mexico following recognition of the colony's independence in 1821. The post-independence period was characterized by economic instability, the Mexican-American War that led to the territorial cession to the United States, the Pastry War, the Franco-Mexican War, a civil war, two empires and a domestic dictatorship. The latter led to the Mexican Revolution in 1910, which culminated with the promulgation of the 1917 Constitution and the emergence of the country's current political system. In March 1938, through the Mexican oil expropriation private U.S. and Anglo-Dutch oil companies were nationalized to create the state-owned Pemex oil company.
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