¡Olé! But Do You Know Why We Celebrate Cinco de Mayo?
Fiesta flags, vibrant decorations, and the sounds of mariachi music fill the air – Cinco de Mayo is upon us! But amidst the delicious food and celebratory atmosphere, do you truly understand the significance behind this vibrant holiday?
Many mistake Cinco de Mayo for Mexico's Independence Day, which falls on September 16th. Instead, Cinco de Mayo commemorates a specific historical event – the Battle of Puebla, fought on May 5, 1862.
A David vs. Goliath Story:
France, seeking to establish a satellite empire in the Americas, intervened in Mexico during a period of internal strife. The Mexican Republic, facing financial struggles, had suspended payments on foreign debts. France, along with Britain and Spain, sent naval forces to Veracruz, demanding repayment. While Britain and Spain negotiated and withdrew, France, under Napoleon III, saw an opportunity for conquest.
The Mexican army, led by General Ignacio Zaragoza, was vastly outnumbered and outgunned by the French forces. The odds were heavily stacked against them. However, on May 5th, 1862, the determined Mexican troops achieved a stunning victory at the Battle of Puebla.
A Symbol of Resilience:
While the Battle of Puebla was a significant victory, it wasn't the end of
the war. The French eventually captured Mexico City, and the conflict continued for several years. However, the outcome at Puebla became a powerful symbol of Mexican resilience and resistance against foreign domination. It demonstrated that even a smaller, less-equipped force could triumph over a seemingly invincible adversary.
Celebrating More Than a Battle:
Today, Cinco de Mayo is primarily celebrated in the United States, particularly in areas with large Mexican-American populations. It has evolved into a vibrant celebration of Mexican culture and heritage. Parades, traditional dances like Folklorico, and of course, delicious Mexican food like tacos and guacamole, showcase the beauty and diversity of Mexican traditions.
A Day for Reflection:
Cinco de Mayo offers more than just a reason for a party. It's a chance to reflect on the power of national pride, the importance of self-determination, and the courage to stand up for what you believe in. The Battle of Puebla reminds us that even against seemingly insurmountable odds, victory can be achieved.
So, the next time you celebrate Cinco de Mayo, take a moment to appreciate the historical significance behind the festive atmosphere. Raise a toast not just to the fun, but to the enduring legacy of resistance and national pride that this day commemorates.
If you haven't checked out my PennyWise Financial Podcast, watch a clip from my latest episode. You'll see topics that cover all sorts of things that tie into financial decisions or goals we plan for every day with our clients.
Scroll down a little past the clip to watch the entire episode. It's available on all major podcast platforms like Apple Podcasts, YouTube Music, Spotify, Amazon Music, and YouTube.
👇Or click below to watch the full Episode
Everyone wants to offer advice. We hope you have the right person. A trusted person to guide you on your path to achieving your goals. If you're not working with the right team or want a second opinion, we hope you consider our services. Follow our content to learn more about our process, and investment philosophy and hear real-life accounts of what our clients are dealing with and how we help them.
And that's only the beginning. Reach out and schedule a consultation to discuss your situation. We'll walk you through your options and help you make the right choice for your goals. Click below to listen to the latest PennyWise Financial Podcast and hear more commentary on the stuff you need to know, and much more. Check out another episode below or view our catalog of videos by clicking the button linked to our channel.
Want to learn more? Follow our latest market commentary, firm updates, or anything financial via our blog, Podcast, or Videos.
