Weekly Review 9 - Early Franco Flashcards
What is Gross National Product (GNP)?
estimated total worth of production and services by a country and its citizens
in both its own land and foreign territories
over one year
What is the Black Market?
operates beneath the surface of the normal economy
state has no formal role/control
taxation is avoided
What is Corporatism?
outside bodies are given some input into government policy making
particularly concerning economic and industrial management
Between 1939-45 how much was spent on the military?
50% of government spending
What was the average income level in 1951 the same as?
levels in the mid 1930s
What was the general standard of living in 1952 the same as?
level in 1936
What were unemployment figures like?
just before the war - 750,000
1940 - 500,000
1944 - 150,000
What was industrial output in 1939 like compared with before the civil war?
31% lower
What was agricultural output in 1939 like compared with before the civil war?
21% lower
When were pre-civil war level exports achieved again by?
1950
What was the balance of trade like for most of the 1940s?
negative
What happened to illegal syndicates and strikes?
crushed brutally by Falangist militia and the Civil Guard
How much of Spain’s GDP came from foreign trade?
5%
When was the Law for Protection and Development of National Industry?
October 1939
What was the Law for Protection and Development of National Industry?
protectionism (high price on imports)