Updated October 25, 2016. Definition: A budget deficit is when spending is greater than the revenue received for that year. That's known as deficit spending. The national debt is the accumulation of each year's deficit. When revenue exceeds spending, that creates a budget surplus.
Quick Answer. Mexico gained independence from Spain on Sept. 27, 1821. On Sept. 16, 1810, Miguel Hidalgo y Costilla declared independence from Spain by issuing the Grito de Dolores and launched the Mexican War of Independence. The war ended with the signing of the Treaty of Cordoba on Aug. 24, 1821.
Initially the United States gained the territory of modern day Mexico from the Mexican American War (1846-1848) and the Gadsden Purchase of 1853, but it didn't officially become a state until 6 January 1912. The first Statehood Bill made it to the floor of the Congress in 1861 but failed to win apprâ¦.