Economic development of Spain - Economic development of Spain 1900-1982

6 important questions on Economic development of Spain - Economic development of Spain 1900-1982

What where the causes for deprivation?

1. Spain focussed on the colonies and neglected the home country.
2. During the time of industrial development, Spain had already lost some colonies.
3. Spain lacks a social class with money and an entrepreneurial mindset.
4. Different governments neglected to invest in agriculture.

When was the economical world crisis?

1929

What happened in 1959?

Stabilisation and development plans were initiated to end the inflation. This boosted the Spanish economy
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What happened in the 1960s?

The economy grew rapidly but the unemployment rate increased and the yearly incomes decreased.

When was the oil crisis?

1973 = it had a huge impact on the economy. The increase of unemployment was caused by rising oil prices and the decrease of foreign investments in Spain.

When did Spain start to regain its position?

1986

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