HIstory of Spain 1960

A detailed Summary of HIstory of Spain 1960

Spain in the 1960's undoubtedly experienced an economic boom, however, the question examined requires investigation into how far this rapid progression was due to 'circumstances outside of the country itself' or whether Franco and his policies effected the boom. However, whilst studying Spanish economy of the 1950's and 1960's it has become increasing difficult to separate the effects of external circumstances and internal circumstances as it seems that the success was counter-reliant.

According to Raymond Carr (1980), there were three sources which stimulated the Spanish economy. Those being loans from foreign countries, the admittance of tourists and Spaniards were permitted to work abroad which resulted in money being sent back to families in Spain which was then was reintroduced into the economy. Stanley Payne (1968) also argues that it is reasonable to realize that 'only the rise of the tourist trade and large-scale assistance of the United States permitted the unbalanced economy [of Spain] to move as far as it had'. (p 57)

However, despite the increase in imports and credit from abroad which undoubtedly helped improve Spain's situation and provided a base for the period of expansion, it is important to recog

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It is understood that the reluctant (on Franco's part) introduction of the Opus Dei and their sensible foresight and planning contributed to the success of the Spanish economy. This new attempted technocracy of the government and this economic planning as seen in the 1960's was a great improvement over the bureaucratic pseudo autarky of earlier years, however, it is important to note that the success would never have been realized without the introduction of external funds. In the 1950's Spain was on the verge of bankruptcy and whilst change within the government was vital to use capital funding in a way that benefited the future of Spain and it's development, it was essential that funding was made available. As Spain itself was on the verge of ruin, it became essential to forge relations outside of the country and thus rely on external countries already enjoying the benefits reaped from the industrialisation of the West. The change in policy that the Spanish government !

for the first time in many years . Greater freedom under the new and improved system meant that Spain was in a stronger trading position, the availability of new capital was on the increase, whilst the industrial economy also grew, along with the tourist trade. The new plan aimed to reduce inflation and liberate foreign trade and investment. It reduced pub

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Approximate Word count = 955
Approximate Pages = 4 (250 words per page double spaced)

Category: History