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1936. Frustrated Hopes: The Great Depression, the Second Republic and the Civil War

In: Historical Turning Points in Spanish Economic Growth and Development, 1808–2008

Author

Listed:
  • Concha Betrán

    (University of Valencia)

Abstract

The Great Depression was accompanied by the collapse of the monarchical regime and the establishment of a modern democracy with the Second Republic in April 1931. The new regime had to balance the importance of gaining domestic and international respectability (using orthodox fiscal and monetary policy) with efforts to shift towards a moderate protectionist policy, and enact land, labour and educational reforms. There were fierce confrontations from 1934 on, eventually culminating in a civil war in 1936. The consequences included a long-lasting impact on economic growth; autarky and interventionist policies; a huge loss of human capital; poverty and rising inequality; and a 40-year-long dictatorship. Hopes of reform were left unfulfilled, with a severe backlash against the earlier social and economic restructuring.

Suggested Citation

  • Concha Betrán, 2020. "1936. Frustrated Hopes: The Great Depression, the Second Republic and the Civil War," Palgrave Studies in Economic History, in: Concha Betrán & Maria A. Pons (ed.), Historical Turning Points in Spanish Economic Growth and Development, 1808–2008, chapter 4, pages 89-122, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-40910-4_4
    DOI: 10.1007/978-3-030-40910-4_4
    as

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