You are here -allRefer - Reference - Country Study & Country Guide - Angola >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Angola

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Angola

ANGOLA UNDER THE SALAZAR REGIME

Angola under the New State

The right-wing Portuguese military coup of May 1926, which ended the republican era, led to the installation of a one-party regime in Portugal and the establishment of what came to be known as the New State. A young professor of economics, António Salazar, became minister of finance in 1928, and by 1930 he was one of the most prominent members of the government. He held the post of prime minister from 1932 until 1968, when he was incapacitated by a stroke. During his tenure in office, he left a lasting impression on events in Angola.

The most important changes introduced into Angola by the new regime were embodied in the Colonial Act of 1930. This act brought Angola's economy into line with economic policies that the new regime was implementing at home. But Portugal's application of strict financial controls over the colony also halted the drift toward political autonomy in Angola.

Portugal's policies toward Angola in the 1930s and 1940s were based on the principle of national integration. Economically, socially, and politically, Angola was to become an integral part of the Portuguese nation. In line with these policies, Portugal renamed African towns, usually after Portuguese heroes. Still later, in the early 1950s, Portugal withdrew the currency, known as the angolar, and replaced it with the Portuguese escudo.

Portugal integrated its economy with that of Angola by erecting protective trade tariffs and discouraging foreign investment capital, except in the construction of the Benguela Railway and in the exploitation of diamonds. In this way, Portugal sought to make Angola self-supporting and, at the same time, to turn it into a market for Portuguese goods. But despite a certain degree of success, Angola enjoyed no real prosperity until after World War II, when higher coffee prices brought enormous profits to Angolan producers. The consequent economic success of the coffee plantations, owned primarily by newly arrived Portuguese settlers attracted by the colony's increasing wealth, continued until independence in 1975, when the Portuguese exodus and civil war severely disrupted the Angolan economy.

Data as of February 1989

Angola - TABLE OF CONTENTS


Go Up - Top of Page

Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


Information Courtesy: The Library of Congress - Country Studies


Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

 

 

 
 


About Us | Contact Us | Terms of Use | Privacy | Links Directory
Link to allRefer | Add allRefer Search to your site

©allRefer
All Rights reserved. Site best viewed in 800 x 600 resolution.