Ferrol - Urban History
Franco Period
100 peseta coin showing the face of Franco (1966)

In 1959 the 'Stabilisation Plan' sealed the end of national autarchy and the adoption of a new policy, aimed at developing a market economy and favouring commerce with the members of the European Economic Community. Spain was undergoing simultaneous and massive processes of exodus from rural areas and urban growth, with capital flowing, thanks to money sent from emigrants abroad and income from tourism. In the 1960s state intervention took shape in four-yearly 'Development Plans'. In 1966, in a gesture intended to inspire confidence, the new 100 peseta coin appeared, rumoured to have a high silver content. The heads shows the face of Franco together with the line: 'Caudillo [Leader] of Spain by the Grace of God'.

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