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Stabilization Plan
The Stabilization Plan of 1959 () or the National Plan of Economic Stabilization () were a series of economic measures taken by the Spanish Government in 1959. Its main goal was the economic liberalization of the Spanish markets, marking a turning point from the previous policies oriented towards achieving autarky. The implementation of the plan led to mass migration movements (internal migrations but also abroad), with the population and the economic activity concentrating in the most dynamic areas, hollowing the rest of the country. The Stabilization Plan of 1959 caused a sharp recession in 1959. Unemployment increased due to the decrease in production caused by higher imports, which lowered the demand for national products. This decrease in production also led to lower consumption and wage freezes. The monetary reserves of the Bank of Spain increased, inflation dropped from 12.6% in 1958 to 2.4% in 1960, Spain attracted foreign investment, and the relaxation of tariffs le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francoist Spain
Francoist Spain (), also known as the Francoist dictatorship (), or Nationalist Spain () was the period of Spanish history between 1936 and 1975, when Francisco Franco ruled Spain after the Spanish Civil War with the title . After his death in 1975, Spain transitioned into a democracy. During Franco's rule, Spain was officially known as the Spanish State (). The informal term "Fascist Spain" is also used, especially before and during World War II. During its existence, the nature of the regime evolved and changed. Months after the start of the Civil War in July 1936, Franco emerged as the dominant rebel military leader and he was proclaimed head of state on 1 October 1936, ruling a dictatorship over the territory which was controlled by the Nationalist faction. The 1937 Unification Decree, which merged all of the parties which supported the rebel side, led to Nationalist Spain becoming a single-party regime under the FET y de las JONS. The end of the Civil War in 1939 bro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Liberalization
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development. Many countries have pursued and followed the path of economic liberalization in the 1980s, 1990s and in the 21st century, with the stated goal of maintaining or increasing their competitiveness as business environments. Liberalization policies may or often include the partial or complete privatization of government institutions and state-owned assets, greater labour market flexibility, lower tax rates for businesses, less restrictions on both domestic and foreign capital, open markets, etc. In support of liberalization, former British prime minister Tony Blair wrote: "Success will go to those companies and countries which are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Autarky
Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems. Autarky as an ideology or economic approach has been attempted by a range of political ideologies and movements, particularly leftist ones like African socialism, mutualism, war communism, communalism, swadeshi, syndicalism (especially anarcho-syndicalism), and left-wing populism, generally in an effort to build alternative economic structures or to control resources against structures a particular movement views as hostile. However, some right-wing ones, like nationalism, conservatism, and anti-globalism, along with even some centrist movements, have also adopted autarky, generally on a more limited scale, to develop a particular industry, to gain independence from other national entities or to preserve part of an existing social order. Proponents of autarky have argued for national self-sufficiency to reduce foreign economic, polit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Migration
Mass migration refers to the migration of large groups of people from one geographical area to another. Mass migration is distinguished from individual or small-scale migration; and also from seasonal migration, which may occur on a regular basis. History and examples of mass migrations A specific mass migration that is seen as especially influential to the course of human cultural and anthropomorphic history may be referred to as a ' great migration'. For example, great migrations include the Indo-European migrations to Europe, the Middle East, and South Asia during the Bronze Age, the Bantu migrations across sub-Saharan Africa, Barbarian invasions during the Roman Empire, the Great Migration from England of the 1630s, the California Gold Rush from 1848–1850, the Great Migration of African Americans from the rural American South to the industrial north during 1920–1950, and The Great Oromo Migrations of Oromo tribes during the 15th and 16th centuries in the H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Diaspora
The Spanish diaspora consists of Spaniards, Spanish people and their Lineal descendant, descendants who emigrated from Spain. In the Americas, the term most often refers to residents with Spanish nationality; this is in contrast to "Hispanic" which in English usually describes Spanish-speaking populations in general. The diaspora is concentrated in places that were part of the Spanish Empire. Countries with sizeable populations are Argentina, Bolivia, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela, and, to a lesser extent, Brazil, Belize, Haiti, United States, Canada, the Philippines and wider Europe. According to the latest data from the 's Register of Spaniards Resident Abroad (PERE), "the number of people with Spanish nationality living abroad reached 2,908,649 on January 1, 2024, an increase of 4.2% (118,332 people) with respect to the data from the same day last ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Zaragoza
The University of Zaragoza, sometimes referred to as Saragossa University () is a public university with teaching campuses and research centres spread over the three provinces of Aragon (Spain). Founded in 1542, it is one of the List of oldest universities in continuous operation, oldest universities in Spain, with a history dating back to the Ancient Rome, Roman period. It has been the alma mater of Prime Ministers Pascual Madoz, Manuel Azaña, Salustiano de Olózaga y Almandoz, Salustiano de Olózaga and Eusebio Bardají y Azara, Eusebio Bardají, of the Nobel Prize for Medicine, Nobel Prize laureate and father of modern neuroscience Santiago Ramón y Cajal, the Catholic saint Josemaría Escrivá and the Cuban national hero Jose Marti, who studied at this university. In 2014, it had more than 30,000 students and more than 3,000 teaching members, among its 22 centers and 74 degrees. Its current rector is José Antonio Mayoral Murillo, full professor of organic chemistry. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage Freeze
Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free-market level. Incomes policies have often been resorted to during wartime. During the French Revolution, " The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to curb inflation, and such measures were also attempted after World War II. Peacetime income policies were resorted to in the U.S. in August 1971 as a response to inflation. The wage and price controls were effective initially but were made less restrictive in January 1973, and later removed when they seemed to be having no effect on curbing inflation. Incomes policies were successful in the United Kingdom during World War II but less successful in the post-war era. Theory Incomes policies vary from voluntary wage and price guidelines to mandatory controls like price/wage freezes. One varia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Spain
The Bank of Spain (, ) is the national central bank for Spain within the Eurosystem. It was the Spanish central bank from 1874 to 1998, issuing the peseta. Since 2014, it has also been Spain's national competent authority within European Banking Supervision. It was originally established by Charles III in Madrid in 1782, as the ''Banco Nacional de San Carlos'', and took its current name in 1856. Its activity is regulated by the Bank of Spain Autonomy Act. The bank doesn't translate its name to English but uses its Spanish name in all English communications. The Bank of Spain holds 9.1 million troy ounces of gold (around 283 tons) (2019), which are stored in its own vaults and in various institutions in London and New York. According to IMF data, Spain ranks 20th among the 40 largest gold reserves in the world (as of July 2015). In January 2021, the snowstorm "Filomena" caused the clock at the Bank of Spain to freeze for the first time in 130 years. This occurred at 11:35 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff
A tariff or import tax is a duty (tax), duty imposed by a national Government, government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of International trade, foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to support ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Boom
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Francoism
The first Francoism (1939–1959) was the first stage in the history of General Francisco Franco's Francoist Spain, dictatorship, between the end of the Spanish Civil War and the abandonment of the Autarky, autarkic economic policy with the application of the Stabilization Plan, Stabilization Plan of 1959, which gave way to the developmentalist Francoism or second Francoism, which lasted until the death of the ''Generalissimo''. It is usually divided into three sub-stages: the first from 1939 to 1945, which corresponds to the World War II, Second World War and during which the Franco regime underwent a process of fascistization already begun during the civil war to resemble Nazi Germany and, above all, Fascist Italy (1922–1943), Fascist Italy, and which was aborted by the defeat of the Axis powers; the second sub-stage, from 1945 to 1950, was the most critical period in the history of the Franco dictatorship because of the international isolation and the opposition's offensive, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
