HOW WELL DID THE SPANISH ECONOMY PERFORM IN THE YEARS AFTER THE CW - autarky Flashcards
Why was the policy of autarky adopted?
autarky adopted bc of isolation from Europe during cw + ww2
Why did the Falange support autarky?
Falange supported autarky bc of focus on econ nationalisation + corporatism
What was the argument FOR autarky?
autarky would re-generate post-war econ + reduce reliance on other nations
Was autarky completely upheld?
no, a small amount of foreign trade did take place from late 1930’s onwards
BUT only contributed 5% of country’s GDP
What were other countries in Europe doing?
high levels of foreign trade to drive post-war economic recovery
What did autarky provide for Spain?
process of protectionism, foreign imports too expensive for avg. S citizen
When/How protectionism established?
October 1939
Law for the Protection and Development of National Industry
Positives of autarky?
- high control of production
- compatible w totalitarian state
Negatives of autarky?
- lack of foreign investment
- restriction on econ development
- living standards suffered
Food consumption fact?
Bread + Meat consumption by early 1950’s was 1/2 of 1936/1926 levels
What were many S families forced to do?
bc of corruption/food shortages had to turn to the black market for basic products
- excessive prices undermined econ
Where were unemployment problems rising?
unemployment problems rising in traditionally poorer south
What was a consequence of unemployment rising in the south?
entire villages known to have left to seek better LC/employment in the north
Issue with migration to the north?
lack of housing facilities
so, had to construct ramshackle shelters (barracas) using any materials available
Consequence of lack of housing?
early 1940’s+ shanty towns (chabolas) began to appear on outskirt of large towns/cities in the north
