The development of tourism as a big industry is a feature of the second half of the 20th century. Spain is one of the countries where tourism has made especially notable progress. While the number of foreign tourists visiting Spain amounted to only 1 mn in 1950, by 1971 it had increased to 27 mn.

Because of continuing Inflation and rising unemployment, Americans were beginning to feel rather frustrated with the Nlxon Administration for their non-actions on the economic front. As an answer to this growing feeling of anxiety the US-President introduced an economic programme which has...