First Francoism

Coin of 5 pesetas minted in 1949. On the obverse is the effigy of General Franco with the inscription Francisco Franco Caudillo de España por la G. [Gracia] de Dios (Francisco Franco Caudillo of Spain by the G. [Grace] of God). On the reverse is the new coat of arms of Spain.

The first Francoism (1939-1959) was the first stage in the history of General Franco's dictatorship, between the end of the Spanish Civil War and the abandonment of the autarkic economic policy with the application of the Stabilization Plan of 1959, which gave way to the developmentalist Francoism or second Francoism, which lasted until the death of the Generalissimo. It is usually divided into three sub-stages: the first from 1939 to 1945, which corresponds to the Second World War and during which the Franco regime underwent a process of fascistization already begun during the civil war to resemble Nazi Germany and, above all, Fascist Italy, and which was aborted by the defeat of the Axis powers; the second sub-stage, from 1945 to 1950, was the most critical period in the history of the Franco dictatorship because of the international isolation and the opposition's offensive, but the "cosmetic" changes it introduced and above all the outbreak of the Cold War ended up reintegrating it into the anti-communist Western bloc; the third stage, from 1951 to 1959, has also been called the hinge decade (in Spanish: decenio bisagra)[1] for being an intermediate period between the stagnation of the "autarkic" 1940s and the "developmentalist" 1960s, and has also been characterized as the period of the "splendor of national Catholicism".

  1. ^ García Delgado 2000, p. 138"In many respects, the 1950s can be considered as the 'hinge decade' between the stagnation of the early Franco era and the set of outstanding impulses and changes that the economy will experience in the last fifteen years of the regime, starting from 1960."

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