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In 1959, Spain entered the greatest cycle of industrialization and prosperity it had ever known. Foreign aid took the form of US$75 million in drawing rights from the IMF, US$100 million in OEEC credits, US$70 million in commercial credits from the Chase Manhattan Bank and the First National City Bank , US$30 million from the Export-Import Bank ...
The 142 m Torre de Madrid, built in 1957, heralded the "Spanish Miracle".. The Spanish miracle (Spanish: el milagro español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, [1] in which GDP averaged a 6.5 percent growth rate per year, [2] and was itself part of a ...
The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...
Spain and the United States signs the Pact of Madrid. 1955 Spain joins the United Nations. 1959: Spanish miracle: A period of economic growth began. 1973: Spanish miracle: The period ended. 1975: History of Spain (1975–present) 6 November: The Green March forced Spain to hand over its last remaining colonial possession, Spanish Sahara, to ...
The Industrial Revolution spread southwards and eastwards from its origins in Northwest Europe. After the Convention of Kanagawa issued by Commodore Matthew C. Perry forced Japan to open the ports of Shimoda and Hakodate to American trade, the Japanese government realised that drastic reforms were necessary to stave off Western influence.
The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11] The Industrial Revolution influenced in some way almost every aspect of daily life. In particular, average income and population began to exhibit unprecedented sustained growth.
The history of childhood has been a topic of interest in social history since the highly influential book Centuries of Childhood, published by French historian Philippe Ariès in 1960. He argued " childhood " as a concept was created by modern society.
The Spanish achievement of the sixteenth century was essentially the work of Castile, but so also was the Spanish disaster of the seventeenth; and it was Ortega y Gasset who expressed the paradox most clearly when he wrote what may serve as an epitaph on the Spain of the House of Austria: ‘Castile has made Spain, and Castile has destroyed it.’