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~ talented workers forced into permanent exile
~ Highest unemployment rate was in 1933 with 25%
~ Lowest unemployment rate was in 1929 with about 3%
~ interest payments on a sizable national debt and provide essential services to the public
~ 1920, Spain was a constitutional monarchy. The king was Alfonso XIII.
~ government increased relief spending, it also contributed to the crisis by laying off employees and making cuts to health care, education
~ General Primo de Rivera took control of Spain and ruled as a military dictator
~ 1931, elections were held in Spain which resulted in republicans winning all the major cities
~ most serious negative impact came after 1936 from civil war in Spain.
~ harmed by a
sharp decrease in GDP, investment and imports
~ had a 20% slowdown
~ isolated economy, with high protective tariffs
~ Banking and Agriculture held up well
~ Stayed neutral in the Second World War, by selling to both sides, economy avoided further disasters
~ 1936 and 1939 over 500,000 people were killed in the Spanish Civil War
~ Many people losing their jobs starved and couldn't provide for their families.
~ Many homes were destroyed during the civil war leaving people without homes
http://www.historylearningsite.co.uk/modern-world-history-1918-to-1980/the-spanish-civil-war/the-causes-of-the-spanish-civil-war/