Institutional Revolutionary Party
Cárdenas's successor Manuel Ávila Camacho gave the party its present name in 1946. The party, under its three different names, held every political position until 1946 when the PAN started winning posts for municipal president and federal deputies and senators, starting in 1946, after the party changed its name to its current name, the Institutional Revolutionary Party. By then, the party had acquired a reputation for corruption, and while this was admitted (to a degree) by some of its affiliates, its supporters maintained that the role of the party was crucial in the modernization and stabilization of Mexico.
Institutional Revolutionary Party
Economic nationalist and protectionist policies implemented in the 1930s effectively closed off Mexico to foreign trade and speculation, so that the economy was fueled primarily by state investment and businesses were heavily reliant on government contracts. As a result of these policies, Mexico's capitalist impulses were channeled into massive industrial development and social welfare programs, which helped to urbanize the mostly-agrarian country, funded generous welfare subsidies for the working class, and fueled considerable advances in communication and transportation infrastructure. This period of commercial growth created a significant urban middle class of white-collar bureaucrats and office workers, and allowed high-ranking PRI officials to graft large personal fortunes through their control over state-funded programs. State monopoly over key industries like electricity and telecommunication allowed a small clique of businessmen to dominate their sectors of the economy by supplying government-owned companies with goods and commodities.