[1][9] Cinco de Mayo has been referenced and featured in entertainment media, and has become an increasingly global celebration of Mexican culture, cuisine, and heritage.
On July 17, 1861, Mexican President Benito Juárez issued a moratorium in which all foreign debt payments would be suspended for two years.
[5][10] In response, France, Spain, and the United Kingdom held a convention in London and joined in alliance to send naval forces to Veracruz to demand reimbursement.
[28][29][30][31][32] The national celebration of the day peaked during the Porfiriato, the long rule of President/dictator Porfirio Díaz, who had fought in the Battle of Puebla as a young officer.
[40] A street, Avenida Cinco de Mayo [es], in the Historic Center of Mexico City was named after the battle in 1862 by Benito Juárez.
According to a paper published by the UCLA Center for the Study of Latino Health and Culture about the origin of the observance of Cinco de Mayo in the United States, the modern American focus on that day first started in California in 1863 in response to the resistance to French rule in Mexico.
"[41] Time magazine reports that "Cinco de Mayo started to come into vogue in 1940s America during the rise of the Chicano Movement.
"[20] The holiday crossed over from California into the rest of the United States in the 1950s and 1960s but did not gain popularity until the 1980s when marketers, especially beer companies, capitalized on the celebratory nature of the day and began to promote it.
[46] Los Angeles' Fiesta Broadway has been billed as the largest Cinco de Mayo celebration in the world, which it most certainly was at its peak in the 1990s when it attracted crowds of 500,000 or more.
[49] To celebrate, many display Cinco de Mayo banners while school districts hold special events to educate students about its historical significance.
Examples include baile folklórico and mariachi demonstrations held annually at the Plaza del Pueblo de Los Ángeles, near Olvera Street.
Commercial interests in the United States have capitalized on the celebration, advertising Mexican products and services, with an emphasis on alcoholic beverages,[50][51] foods, and music.
[52][53] According to Nielsen, in 2013 more than $600 million worth of beer was purchased in the United States for Cinco de Mayo, more than for the Super Bowl or St. Patrick's Day.
[58] The city of Brisbane, Queensland, Australia, holds an annual Mexican Festival[59] to honor the day, and celebrations are held in London[60] and New Zealand.