An elephant in the garden: The Allies, Spain, and oil in World War II
AbstractDuring World War II the Allies controlled Spain s oil supply in order to limit Spain s support for the Axis. This experiment with sanctions is unusually informative because a wide range of policies was tried over a long period. Three episodes are of special interest: (1) a total embargo on oil for Spain in August 1940 that was surprisingly successful in dissuading Spain from joining the Axis; (2) a period of reduced supplies in 1941 42, which we call the Squeeze , that was only partially successful in reversing Spanish policies favouring the Axis; and (3) a second total embargo early in 1944, which proved a disappointment for the Allies, and that produced a rift between Churchill and Roosevelt. Our analysis is based on new monthly estimates of Spain s imports of gasoline and other petroleum products that we describe in the text and report in the Appendix. These estimates allow us to draw a clearer picture of the oil sanctions than has been possible in the past.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal European Review of Economic History.
Volume (Year): 11 (2007)
Issue (Month): 02 (August)
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Other versions of this item:
- Leonard Caruana & Hugh Rockoff, 2006. "An Elephant in the Garden: The Allies, Spain, and Oil in World War II," NBER Working Papers 12228, National Bureau of Economic Research, Inc.
- H4 - Public Economics - - Publicly Provided Goods
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