HOW WELL DID THE SPANISH ECONOMY PERFORM IN THE YEARS AFTER THE CW - failure Flashcards
Corporatism?
corporatism = more of an illusion, stakeholders had minimal input; prices set too low leading to shortages
Corporatism + Living Standards?
falling living standards mostly due to corporatism - avg. wages fail to keep pace, 1940’s wages increase 30% vs. 600% increases in prices
agri stagnated
Autarky + Foreign Trade/Investment?
autarky stifled foreign trade + investment - low quality synthetic materials produced as alternatives
e.g. oil made from coal
e.g. cotton replaced by synthetic fibres
BUT this was expensive
What was there a shortage of?
shortage of vital products like fertilisers - could not be synthesised + not imported
- negatively impacted food production,
- shortage of key cereals e.g. wheat
- lead to hunger/malnutrition
Production of (food product)?
production of agri cereals in 1940’s avg. 25% of 1935 production
What was the period of food shortages known as?
‘Year of Hunger’
When were the ‘Years of Hunger’?
1939-44
How many died during ‘Years of Hunger’?
200,000 people died during ‘Years of Hunger’
By 1958: what % of industrial plants using old machinery?
45% of S industrial plants using 1920’s machinery/technology
By 1958: what % of iron/steel produced in large factories
2.4% of S’s iron
0.3% of S’s steel
produced in large factories, the rest in small workshops
By 1958: what % of trading ships produced before 19…?
65% of trading ships produced before 1939
By 1958: what % of the working population did the … industry employ?
manufacturing industry only employed 20% of the working population
What did F refuse from the USA?
F refused a $100 million loan from USA
- wanted to pursue autarky policy
Decline in living standards: what was the change in industrial workers wages?
By 1956 industrial workers wages = 15-35% lower than in 1936
Decline in living standards: what was the change in food prices?
1939-56 price of:
meat rose 1000%
bread rose 1200%
potatoes rose 1800%
