Late Franco - Economic + Social Change Flashcards
Who replaced Falange as new group of Government
Technocrats
What did technocrats implement
Free Market Policies
What did Spain endure in early stages of cabinet shuffle
Economic recession, loans from USA led to inflation
What areas had strikes in 1957-8
Coal miners = Asturias
Construction workers = Madrid
What caused Franco to demote Falange
even stricter fascist policy, Higher aurtarky
Which groups did franco opt for support
Bankers, Economists, Opus Dei + technocrats
When was the Cabinet reshuffled, and what happened?
Feb 1957, Falange demoted, technocrats promoted
When was the Stabilisation Plan
1959
What was the Stabilisation Plan
Adjusting Econ, viua Devaluing Peseta, and lifting restrictions on imports/exports
At what rate was the Economy growing in 1960s
7% per annum
What three benefits dfid Spain gain after ending Autarky
- Foriegn investment
- Migration
- Tourism
How much Foreign investment into spain occured from 1960-74
$7.6 billion + $1 billion in loans
What % of foreign investment was from USA
40%
What % of Foreign investment was from Germany + Britain
20%
Which industries attracted large investment
- Car, electronic, chemical
- Increased modernisation
By 1973 how many spanish workers were in Germany And France
Germany - 500,000
France - 250,000
What were benefits of Spanish workers migrating
Money sent back to Spain
reduced levels of unemployment
By 1980, how many spaniards left permanently
less than 20,000
Which country migrated to Spain
Wealthy Peruvian students paying tuition
What happened to average income during 1960
almost tripled
What was the increase in Fridges in 1960s
4% to 66%
What did propaganda make belive about the success of Spain
dericved from Francos developmentism approach but really the end of autarky
What was the increase in tourism
1959- 4 million
1965- 14 million
1975- 30 million
How much revenue was gained from tourism in 1965 and 1975
1965 - $1 billion
1975 - $3.5 billion
