Economic Impact of Franco's Victory in Spain
Classified in Economy
Written on in English with a size of 2.31 KB
Economic Aspects of Franco's Victory
The victory of Franco in the Civil War had very negative economic repercussions. The three years of military clashes broke up the economy. Agricultural and industrial production declined. Many ways and means of communication were destroyed. Gold reserves and foreign exchange were sapped, and buildings and manufacturing facilities were utilized.
The Axes of Autarky
One of Franco's objectives was to achieve economic self-sufficiency (autarky). The result was blocking economic growth and competitiveness and reducing the waste of the economic upturn that met in Europe after World War II. The incorporation of Spain into the rapid growth phase was substantially delayed. Autarky had two major areas of activity:
- Regulation