how did Portugal Got rich

Topics: Portugal, European Union, Moors Pages: 3 (1105 words) Published: October 12, 2013

Every country has its own strategy in developing their economy. Some countries are lucky of their strategies and it leads to their success. Some are unlucky because they are not strategic and it causes poor economy. There are factors that contribute to the success of one country; these are natural factor, multinationals, debt, colonialism and many more.

Portugal is an independent nation along the Atlantic Ocean at the southwestern edge of Europe, occupies about one-sixth Iberian Peninsula, which it shares with Spain , its only neighbor. It is one of the oldest nations in the Europe, Portugal became independent of both Moorish and Castilian control in 1143, when Alfonso I was proclaimed King. The original kingdom was located north of the Douro River, but it expanded southward along the coast by driving the Moors from Lisbon and Alentejo and Algarve, south of the Tagus River, by 1252. In the 15th and early 16th centuries Portugal created a large overseas empire. A period of Spanish control (1580-1640) contributed to the subsequent decline of Portugal’s influence and commercial prosperity. A republic from 1910 Portugal was under dictatorial government from the late 1920s until 1974; Antonio de Oliveira was the dominant figure until 1968. With the establishment of he democratic government in 1974, Portugal granted independence to its African colonies. Portugal has a land area of 92, 389 km2 (35, 672 mi2). Lisbon is the capital and it is also the largest city (1991 pop., 681,063). The population in (1996 est.): 9,865,114 its official language is Portuguese and its major religion is Roman Catholicism.

A country like Portugal will succeed and become rich for some reasons. The history is one of the factors, The economic history of Portugal covers the development of the economy throughout the course of Portuguese history. It has its roots prior to nationality, when Roman occupation developed a thriving economy in Hispania, in the provinces...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • How Rich Is Rich in the Philippines Essay
  • How Rich Countries Got Rich and Why Poor Countries Stay Poor Essay
  • how did the Essay
  • Portugal Essay
  • How Elephants got their trunks Essay
  • How I Got Here Essay
  • How the Internet Got Started Essay
  • how malaysia got its independance Essay

Become a StudyMode Member

Sign Up - It's Free