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The Estado Novo Period After World War II: The Golden Age of Economic Growth

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Book cover The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries

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Abstract

The period between the end of World War II and 1973 was the best ever in terms of growth of the Portuguese economy. Growth rates had never been higher and would never be in the future again, at least for such a long period. After more than one century of divergence in relation to the richer economies of the world, or at best non-divergence, the Portuguese economy converged in a consistent manner, with a particularly strong pace during the 1960s. This happened despite quick growth in most rich economies as well, as this corresponded to the period that has, since then, received the designation of “golden age of economic growth”.

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Notes

  1. 1.

    Decree-law 35,575, 3 April 1946.

  2. 2.

    Law 2,111, 21 December 1962.

  3. 3.

    Decree-law 44,305, 27 April 1962.

  4. 4.

    Decree-law 54,103, 1 July 1963.

  5. 5.

    Decree-law 45,399, 30 November 1963.

  6. 6.

    Decree-law 47,066, 1 July 1966.

  7. 7.

    Decree-law 32,674, 20 February 1943.

  8. 8.

    Law 2,115, 18 June 1962.

  9. 9.

    Law 2,144, 25 May 1969.

  10. 10.

    Law 2,011, 2 April 1946.

  11. 11.

    Decree-law 413/71, 27 September 1971.

  12. 12.

    Decree-law 38,968 and Decree-law 38,969, 27 October 1952.

  13. 13.

    Decree-law 40,964, 31 December 1956.

  14. 14.

    Decree-law 42,994, 28 May 1960.

  15. 15.

    Decree-law 45,810, 9 July 1964.

  16. 16.

    Law 5/73, 25 July 1973.

  17. 17.

    Decree-law 67/73, 26 February 1973.

  18. 18.

    Decree-law 47,480, 2 January 1967.

  19. 19.

    Law 2,002, 26 December 1944 and Law 2,005, 14 March 1945.

  20. 20.

    Decree-law 42,656, 18 November 1959.

  21. 21.

    Law 1/72, 24 March 1972.

  22. 22.

    Decree 393/70, 19 August 1970.

  23. 23.

    Law 1,994, 13 April 1943.

  24. 24.

    Decree-law 46,312, 28 April 1965.

  25. 25.

    Law 2006, 27 July 1953.

  26. 26.

    Decree-law 39,666, 20 May 1954.

  27. 27.

    Decree-law 43,893, 6 September 1961.

  28. 28.

    Decrees 44,309 and 44,310, 27 April 1962.

  29. 29.

    Decree 43,894, 6 September 1961.

  30. 30.

    Decree-law 43,875, 24 August 1961.

  31. 31.

    Decree 36,119, 29 March 1947.

  32. 32.

    Decree 44,171, 1 February 1962.

  33. 33.

    Decree-law 44,016, 8 November 1961.

  34. 34.

    Decree-law 46,666, 24 November 1965.

  35. 35.

    Decree-law 478/71, 6 November 1971.

  36. 36.

    Decree-Law 42,641, 12 November 1959.

  37. 37.

    Decree-law 47,032, 27 May 1966 and Decree-law 49,408, 21 November 1969.

  38. 38.

    Decree-law 49,058, 14 June 1969.

  39. 39.

    Decree-law 409/71, 27 September 1971.

  40. 40.

    Decree-law 48,888, 1 March 1969.

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    Luciano Amaral

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Amaral, L. (2019). The Estado Novo Period After World War II: The Golden Age of Economic Growth. In: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries. Palgrave Studies in Economic History. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-24548-1_5

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