How did the Wall Street crash effect Spain in 1929?

Answer 1

The Wall Street crash of 1929 had significant repercussions for Spain, primarily by exacerbating the existing economic challenges. As global trade declined, Spain, heavily reliant on exports such as agricultural products, faced plummeting demand and falling prices. This economic downturn led to rising unemployment and social unrest, contributing to political instability that ultimately paved the way for the Spanish Civil War. The crash highlighted Spain's vulnerabilities in a globalized economy and intensified the struggles between various political factions.