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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Historical Events & Eras > World War II > Spanish Civil War

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Spanish Civil War This forum is for discussion of the Spanish Civil War. , this sub-forum appears in the World War II section because Spain was both a training ground for and preview of what was about to break loose in Europe.

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Old 28 May 15, 14:59
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CarpeDiem CarpeDiem is offline
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Paper: War and Economics: Spanish Civil War Finances Revisited

One of my recent discoveries in this area:

War and Economics: Spanish Civil War Finances Revisited

This paper reviews how the Spanish civil war was financed. We present new evidence to show that the two combatant parties, the Republican government and the Franco administration followed similar financial strategies. In both cases money creation, rather than new taxes or the issue of debt, was the main mechanism used to cover the expenses of the war. We argue, contrary to the established knowledge, that both sides consumed a similar amount of domestic and foreign resources. We also argue
that the Spanish Republic did not lose the war because of a lack of means. International factors, such as the Non-Intervention agreement promoted by France and Great Britain, and the military setbacks of the Republican army during the first year of the war, were decisive for Franco’s victory in 1939.
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