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In 1949 Portugal became a founding member of NATO. President Óscar Carmona died in 1951 after 25 years in office and was succeeded by Francisco Craveiro Lopes . However, Lopes was not willing to give Salazar the free hand that Carmona had given him, and was forced to resign just before the end of his term in 1958.
The National Union in Portugal under António de Oliveira Salazar and Marcelo Caetano (1933–1974) Salazar always rejected the label of fascist criticizing the "exaltation of youth, the cult of force through direct action, the principle of the superiority of state political power in social life, [and] the propensity for organising masses ...
Revolution in Portugal became a byword in Europe. The cost of living increased twenty-fivefold, while the currency fell to a 1 ⁄ 33 part of its gold value. Portugal's public finances entered a critical phase, having been under imminent threat of default since at least the 1890s. [28] [29] The gaps between the rich and the poor continued to ...
As prime minister, he pushed for a liberalization of the economy. He was fortunate in that external economic trends and the infusion of funds from the European Community after Portugal became a member in 1986 enlivened the country's economy and began to bring an unaccustomed prosperity to Portuguese wage earners. Confident therefore that his ...
Despite the authoritarian character of the regime, Portugal did not experience the same levels of international isolation as Francoist Spain did following World War II. Unlike Spain, Portugal under Salazar was accepted into the Marshall Plan (1947–1948) in return for the aid it gave to the Allies during the final stages of the war.
The First Portuguese Republic was an unstable period in the History of Portugal. In a period of 16 years (1910–1926) Portugal had 8 Presidents of the Republic, 1 Provisional Government, 45 Prime Ministers and 1 Constitutional Junta
After the 1936 arrest and execution of its founder, José Antonio Primo de Rivera, during the Spanish Civil War, the fascist Falange Española Party was allied to and ultimately came to be dominated by Generalísimo Francisco Franco, who became known as El Caudillo, the undisputed leader of the Nationalist side in the war and, after victory ...
The joining of the two crowns deprived Portugal of a separate foreign policy, and the enemies of Spain became the enemies of Portugal. England had been an ally of Portugal since the Treaty of Windsor in 1386, but war between Spain and England led to a deterioration of the relations with Portugal's oldest ally and the loss of Hormuz in 1622.