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Economic History Of Portugal
The economic history of Portugal covers the development of the economy throughout the course of Portuguese history. It has its roots prior to nationality, when Roman occupation developed a thriving economy in Hispania, in the provinces of Lusitania and Gallaecia, as producers and exporters to the Roman Empire. This continued under the Visigoths and then Al-Andalus Moorish rule, until the Kingdom of Portugal was established in 1139. With the end of Portuguese reconquista and integration in the European Middle Age economy, the Portuguese were at the forefront of maritime exploration of the age of discovery, expanding to become the first global empire. Portugal then became the world's main economic power during the Renaissance, introducing most of Africa and the East to European society, and establishing a multi-continental trading system extending from Japan to Brazil. In 1822, Portugal lost its main overseas territory, Brazil. The transition from absolutism to a parliamenta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Historical GDP Per Capita Development In Portugal
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microsoft Encarta
''Microsoft Encarta'' is a discontinued digital multimedia encyclopedia published by Microsoft from 1993 to 2009. Originally sold on CD-ROM or DVD, it was also available on the World Wide Web via an annual subscription, although later articles could also be viewed for free online with advertisements. By 2008, the complete English version, ''Encarta Premium'', consisted of more than 62,000 articles, numerous photos and illustrations, music clips, videos, interactive content, timelines, maps, atlases and homework tools. Microsoft published similar encyclopedias under the ''Encarta'' trademark in various languages, including German, French, Spanish, Dutch, Italian, Portuguese and Japanese. Localized versions contained contents licensed from national sources and more or less content than the full English version. For example, the Dutch-language version had content from the Dutch ''Winkler Prins'' encyclopedia. In March 2009, Microsoft announced it was discontinuing both the ''Enc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Oil Crisis
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US to nearly globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock". Background Arab-Israeli conflict Ever since the recreation of the State of Israel in 1948 there has been Arab–Israeli conflict in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFTA
The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland. The organization operates in parallel with the European Union (EU), and all four member states participate in the European Single Market and are part of the Schengen Area. They are not, however, party to the European Union Customs Union. EFTA was historically one of the two dominant western European trade blocs, but is now much smaller and closely associated with its historical competitor, the European Union. It was established on 3 May 1960 to serve as an alternative trade bloc for those European states that were unable or unwilling to join the then European Economic Community (EEC), the main predecessor of the EU. The Stockholm Convention (1960), to establish the EFTA, was signed on 4 January 1960 in the Swedish capital by seven countries (known as the "outer seven": Austria, Denmark, Norway, P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Economic Community
The European Economic Community (EEC) was a regional organization created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbon Treaty. aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union in 1993. In the popular language, however, the singular ''European Community'' was sometimes inaccuratelly used in the wider sense of the plural '' European Communities'', in spite of the latter designation covering all the three constituent entities of the first pillar. In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community. The Community's initial aim was to bring about economic integration, including a common market an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estado Novo (Portugal)
The ''Estado Novo'' (, lit. "New State") was the corporatist Portuguese state installed in 1933. It evolved from the ''Ditadura Nacional'' ("National Dictatorship") formed after the ''coup d'état'' of 28 May 1926 against the democratic but unstable First Republic. Together, the ''Ditadura Nacional'' and the ''Estado Novo'' are recognised by historians as the Second Portuguese Republic ( pt, Segunda República Portuguesa). The ''Estado Novo'', greatly inspired by conservative and autocratic ideologies, was developed by António de Oliveira Salazar, who was President of the Council of Ministers from 1932 until illness forced him out of office in 1968. The ''Estado Novo'' was one of the longest-surviving authoritarian regimes in Europe in the 20th century. Opposed to communism, socialism, syndicalism, anarchism, liberalism and anti-colonialism, the regime was conservative, corporatist, and nationalist in nature, defending Portugal's traditional Catholicism. Its policy envisa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Finances
Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. The purview of public finance is considered to be threefold, consisting of governmental effects on: # The efficient allocation of available resources; # The distribution of income among citizens; and # The stability of the economy. Economist Jonathan Gruber has put forth a framework to assess the broad field of public finance. Gruber suggests public finance should be thought of in terms of four central questions: # When should the government intervene in the economy? To which there are two central motivations for government intervention, Market failure and redistribution of income and wealth. # How might the government intervene? Once the decision is made to intervene the government must ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
António De Oliveira Salazar
António de Oliveira Salazar (, , ; 28 April 1889 – 27 July 1970) was a Portuguese dictator who served as President of the Council of Ministers from 1932 to 1968. Having come to power under the ("National Dictatorship"), he reframed the regime as the ("New State"), a corporatist dictatorship that ruled Portugal from 1933 until 1974. Salazar was a political economy professor at University of Coimbra. Salazar entered public life as finance minister with the support of President Óscar Carmona after the 28 May 1926 coup d'état. The military of 1926 saw themselves as the guardians of the nation in the wake of the instability and perceived failure of the First Republic, but they had no clue how to address the critical challenges of the hour. Within one year, armed with special powers, Salazar balanced the budget and stabilized Portugal's currency. Salazar produced the first of many budgetary surpluses. He promoted civilian administration in the authoritarian regime when the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Minister
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer" or, in the United Kingdom, " Chancellor of the Exchequer". The duties of a finance minister differ between countries. Typically, they encompass one or more of government finance, fiscal policy, and financial regulation, but there are significant differences between countries: * in some countries the finance minister might also have oversight of monetary policy (while in other countries that is the responsibility of an independent central bank); * in some countries the finance minister might be assisted by one or more other ministers (some supported ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ditadura Nacional
The ''Ditadura Nacional'' (, National Dictatorship) was the name given to the regime that governed Portugal from 1926, after the re-election of General Óscar Carmona to the post of President, until 1933. The preceding period of military dictatorship that started after the 28 May 1926 coup d'état is known as ' (Military Dictatorship). After adopting a new constitution in 1933, the regime changed its name to '' Estado Novo'' (New State). The ''Ditadura Nacional'', together with the ''Estado Novo'', forms the historical period of the Portuguese Second Republic (1926–1974). Ditadura Militar, 1926–1928 The military coup of 28 May seized power easily. Soon afterward, the dictatorship dissolved parliament, banned all political parties and instituted censorship. This process was plagued by instability as hardline military officers purged liberals and democrats from the institutions of the Republic. During this time no one clear leader emerged, as the dictatorship was led by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese First Republic
The First Portuguese Republic ( pt, Primeira República Portuguesa; officially: ''República Portuguesa'', Portuguese Republic) spans a complex 16-year period in the history of Portugal, between the end of the period of constitutional monarchy marked by the 5 October 1910 revolution and the 28 May 1926 ''coup d'état''. The latter movement instituted a military dictatorship known as ''Ditadura Nacional'' (national dictatorship) that would be followed by the corporatist '' Estado Novo'' (new state) regime of António de Oliveira Salazar. The sixteen years of the First Republic saw nine presidents and 44 ministries, and were altogether more of a transition between the Kingdom of Portugal and the Estado Novo than they were a coherent period of governance. Religion The First Republic was intensely anti-clerical. Historian Stanley Payne points out, "The majority of Republicans took the position that Catholicism was the number one enemy of individualist middle-class radicalism a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scramble For Africa
The Scramble for Africa, also called the Partition of Africa, or Conquest of Africa, was the invasion, annexation, division, and colonisation of Africa, colonization of most of Africa by seven Western Europe, Western European powers during a short period known as New Imperialism (between 1881 and 1914). The 10 percent of Africa that was under formal European control in 1870 increased to almost 90 percent by 1914, with only Liberia and Ethiopian Empire, Ethiopia remaining independent. The Berlin Conference of 1884, which regulated European colonization and trade in Africa, is usually accepted as the beginning. In the last quarter of the 19th century, there were considerable political rivalries within the empires of the European continent, leading to the African continent being partitioned without wars between European nations. The later years of the 19th century saw a transition from "Informal empire, informal imperialism" – military influence and economic dominance – to di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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