Economy Under Franco

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  • Created by: lizy
  • Created on: 25-05-15 15:15
What was Franco's solution to the huge hunger and starvation of the 1940s?
Feeding dolphin sandwiches to the 30 million Spanish citizens
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What did a Czech engineer claim to have made his 'synthetic gasoline' from?
Water from the River Jarama, herbs and a special powder
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From when was the policy of Autarky in place?
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What was autarky?
A policy of economic self-sufficency with no imports or exports. It was based on a similar policy in Fascist Italy
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What was another feature of autarky?
State intervention: the National Wheat Service and Institue of Industry created to regulate production. Also, state involvement with rationing. Wages regulated by Minsitry of Labour. This state involvement was hugely corrupt.
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Why was it difficult for old Republicans to get hold of their rations?
To get your ration card, you had to apply for an identity card and a certificate of good behaviour (or 'safe conduct') from the local Falange officer. For this reason the Republicans were further punished for thier previous actions
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How many people died in Los Anos de Hambre?
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Spain's GDP during the autarky years was barely ..... of other Western European countries
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In 1950, ...... of Spaniards were still peasants
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In 1940, ...% of Spaniards worked in agriculture, comapred to ... in 1930.
50% compared to 45%
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Wheat production covered ...... of land
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Wheat production at the end of the 1940s was still below .... levels
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The Badajoz Plan in ..... had three main features, these were ....
1952: irrigation of 100,000 hectares of land, construction of hydroelectric plantations and dams, introduction of new plants such as cotton
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In 1952 ...... was opened
The SEAT car factory
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Also in 1952, .........
Rationing was abolished, with restrictions remaining in electricity usage
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In 1958, Spain joined ...
The International Monetary Fund and Organization of European Economic Coordination
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The Pact of Madrid, in ...., gave Spain a total of ..... in exchange for ....
1952, $62.5 million total, US building military bases in Spain
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Spain's GNP grew by .... per alum during the 1950s
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Spain's National Income grew by .... per alum during the 1950s
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Industrial production ..... during the 1950s
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Agriculture accounted for ... of the national income in 1951 and .... in 1957
40% - 25%
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Semi-liberalisation had some negative points: mainly, ....
Inflation, which ran at over 15% annually.
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This inflation was worsened by ...
A 30% wage hike in 1956
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Essentially, Semi-Liberalisation of the Spanish economy was:
A series of anti-inflammatory stopgaps and improved links with other countries.
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The economic situation in 1959 was ...
Industries demanded import of capital goods to grow, yet Spain would not import these, so further growth was strangled. Spain had to either turn in on itself, increasing political control and lowering living standards, or open its economy up globally
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Opus Dei joined Franco's cabinet in ...
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In 1959, ....... announced the ....
Navarro Rubio, Plan for Internal and External Stabilization
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He had been developing this plan for many months, with help from
France, who had put a similar stabilization plan in place in 1958, and the IMF
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The main aims of the Stabilisation Plan were:
To liberalise external trade and encourage foreign investents, and to restore financial stabability by controlling inflation.
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Reforms as part of this were to include:
Rationalization of government controls, a reduction in public expenditure, a drastic devaluation of the peseta to a competitive value of 60 pesetas to the dollar, and incentives to liberalise trade and foreign investments.
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The first year of the plan was ....
Unsuccessful, as inflation (necessarily) increased.
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But, by the end of 1959 ...
The foreign trade account showed a $100 million surplus.
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Spain's economy grew at a rate of .... annually from 1960-1973, second only to .... globally
7.5%, Japan
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By the 1970s the Car Industry was producing nearly ... in Spain annually
1 million
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The boom did not address any of the old problem of ...
Tax inequality, and income was not redistributed
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Agriculture now only accounts for ....% of the Spanish GDP
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In 1959, .... of the population worked in the labour forces in the country. But by 1973, this had dropped to ...
40% - 25%
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In 1959, .... of the population worked in the service sector, but in 1973 this had increased to ...
25% - 40%
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The number of tourists in 1959 = ....., bringing in .... in revenue
4,194,0000 .... $125 million
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The numer of tourists in 1973 = ....., bringing in .... in revenue
314,559,0000 ...£3000 million
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Other cards in this set

Card 2


What did a Czech engineer claim to have made his 'synthetic gasoline' from?


Water from the River Jarama, herbs and a special powder

Card 3


From when was the policy of Autarky in place?


Preview of the front of card 3

Card 4


What was autarky?


Preview of the front of card 4

Card 5


What was another feature of autarky?


Preview of the front of card 5
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