Economic Policies and Political Turmoil in 19th Century Spain
One of the objectives of the “Glorious” was to reorient economic policy. It aimed to introduce legislation that would protect the economic interests of the national bourgeoisie and foreign investors.
The Finance Minister, Laureano Figuerola, suppressed the contribution of consumption but re-established it with a new law in 1870. Another decree established the peseta as the monetary unit in an attempt to unify and streamline the monetary system.
Public debt amounted to 22.109 billion reais, with annual
Read MoreKey Aspects of Medieval Feudal Society
Feudalism and Medieval Society
1. What is Feudalism? How long did it last in Western Europe?
- a) Feudalism is a system of political, social, and economic organization.
- b) Approximately three centuries.
2. What was the significance of the Treaty of Verdun?
The Carolingian kingdom was divided into three parts.
3. Why did monarchs rely on armed men? What did they receive in exchange?
- a) To struggle against new invading peoples.
- b) Income or land (fiefs).
4. Describe the vassalage relationship between feudal
Read MoreFranco Regime: Consolidation, Economy, and Society (1950s-1970s)
Franco Regime: Consolidation, Economy, and Society
Political Consolidation of the Regime
The confrontation between different political families became untenable as Falange sought to secure its role in the proposed system and gain the Leader’s approval for laws solidifying its ideas. The Church hierarchy and the monarchists showed their opposition, and in February 1957, Franco again served as a referee in the divided government, replacing most of his ministers. In the new government, the technocratic
Read MoreSpanish Disentailment: Mendizábal, Madoz, and Land Reform
Spanish Disentailment: Context and Phases
Liberal governments during the 19th century faced the pressing need to consolidate state finances amid severe economic crises. Facing a severe economic crisis, Spain opted to disentail Church properties, selling them to benefit the National Treasury. However, the introduction of liberalism involved a more ambitious goal: transforming the property system along capitalist lines to create a liberal society supportive of the monarchy. These objectives were evident
Read MoreThe Cold War Era: Superpower Rivalry and Global Impact
Post-War Europe: A Divided Continent
Following World War II, Europe became sharply divided into two distinct blocs: the communist East, aligned with the Soviet Union (USSR), and the capitalist West, led by the United States (US). Spain, despite previous leanings towards the Axis powers, officially remained neutral in this new configuration. This period established a system of international relations defined by the intense rivalry between the US and the USSR, each seeking global dominance.
Understanding
Read MoreGlobal Silver Trade Impact (16th-18th Century)
Global Silver Flow: 16th to 18th Centuries
The social and economic effects of the global flow of silver from the mid-sixteenth century all the way to the early eighteenth century had many diverse and significant effects worldwide. Silver was the economic backbone of China, and was the main source of commodity money used. With the rich black flint ore found at Potosi, according to Spanish royal records, 326 million silver coins were extracted.
Silver’s Role in China
Silver was the currency used in China
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