Franco's Spain: Economy and Social Transformation
Franco's Spain: Economy and Social Change
In 1939, Spain was devastated. The Franco regime was modeled after Italy (Mussolini) and Germany (Hitler). These models emphasized state intervention and economic self-sufficiency (autorquía). The state controlled prices of agricultural products, compelling farmers to surrender their crops.
In 1941, the National Institute was established to control foreign commerce and industry.
Economic Failure in the 1940s
Agricultural production declined after the war, and the black market dominated the economy. The international isolation of the Franco regime worsened the situation.
The End of Autorquía (1950s)
Economic policy shifted in the 1950s. Prices were deregulated, and food rationing ended in 1952. Starting...