Stabilization Plan

The Stabilization Plan of 1959 (Spanish: Plan de Estabilización de 1959) or the National Plan of Economic Stabilization (Spanish: Plan Nacional de Estabilización Económica) were a series of economic measures taken by the Spanish Government in 1959. Its main goal was the economic liberalization of the Spanish markets, marking a turning point from the previous policies oriented towards achieving autarky.

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History Spanish coup of July 1936 Spanish Civil War White Terror Francoist concentration camps Spain during World War II Stabilization Plan Spanish miracle Assassination of Luis Carrero Blanco
Ideology Fascism Falangism Clerical fascism Spanish nationalism National Catholicism Anti-freemasonry Antisemitism Monarchism Pan-Hispanism Anti-Catalanism Anti-liberalism Anti-communism Militarism Greater Spain Hispanidad
People Francisco Franco Luis Carrero Blanco Carlos Arias Navarro Juan Yagüe Manuel Fraga Blas Piñar Torcuato Fernández-Miranda Raimundo Fernández-Cuesta
Related topics Sociological Francoism Second Spanish Republic Spanish transition to democracy Spanish Maquis Euskadi Ta Askatasuna (ETA) Valley of the Fallen
Category  Spain portal

The Plan led to an economic boom in Spain for most of the 1960s.[1] The monetary reserves of the Bank of Spain increased, inflation dropped from 12.6% in 1958 to 2.4% in 1960, Spain attracted foreign investment, and the relaxation of tariffs led to the import of new technologies. On the negative side, unemployment increased due to the decrease in production caused by higher imports, which lowered the demand for national products. This decrease in production also led to lower consumption and wage freezes.[2]