oct 24, 1929 - Great Depression
Description:
As a result of the United States stock market crash in October of 1929, the world experienced a global depression. Just like the rest of the world, the Spanish experienced high unemployment, a decline in industrial production (approximately 30%), foreign trade, imports, consumption and investments. Many other economic issues were present, as well. As a result of the growing economic depression, the working class's demands could no longer be ignored, resulting in the resignation of dictator Miguel Primo de Rivera and growing support for Republican political parties, reform works, and, ultimately, the establishment of the Second Spanish Republic.
Added to timeline:
IB History - Spanish Timeline Project
Date:
