Topic 3: Economic Development Flashcards
1
Q
What were the economic problems?
A
- ‘hunger years’
- Spain less wealthy
- high inflation
- under employment in rural areas
- poor living and working conditions
2
Q
Problems caused by Civil War- debt
A
- Spain owed money to foreign countries
- Franco owed 700 dolllars
- payments to Italy carries on until 1960s
3
Q
Economic causes of Civil War- debt
A
- Spain owed money to other countries
- owed 700 million dollars
- payments to Italy lasted until 1960s
4
Q
Economic causes from Civil War- production in industry and agriculture falling
A
- causes by reduction in workers
- 1/2 million died in war
- economy didn’t begin to grow until 1950s
5
Q
Economic causes from WW2?
A
- lack of supplies from abroad- Spain reliant on imports
- no loans/ economic aid from abroad
- from links with Hitler and Mussolini they were seen as facing state
6
Q
What made the economic problems worse in 1939-1945?
A
- 50% of govt spending on military
7
Q
What made economic problems worse from 1944-45?
A
Drought- reduced agricultural production
- south Spain
- not enough water so plant died
8
Q
Franco’s economic policies- corporatism
A
- based around syndicates
- each industry would be represented
- reach compromise to achieve unity
- syndicates actually had no say- state controlled economy
9
Q
Franco’s economic policies- autarky
A
- aim for self-sufficiency
- no reliance of imports
10
Q
Why did Franco adopt autarky?
A
- promoted by Falange
- hoped it would modernise Spain
- provided resources from military
