ABSTRACT
The condition of the Spanish economy in 1945 is not readily comparable to that of most of the other countries examined in this book. Spain had not been directly involved in the Second World War. Nevertheless, as a consequence of the destruction of resources in its own civil war (1936-9), a repressive and autarkic economic policy, and the hostility of the western powers as a result of her clear association with the Axis, in 1945 Spain was one of the most economically backward and isolated countries in Europe.
