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Spanish is a Romance language which developed from Vulgar Latin in central areas of the Iberian Peninsula and has absorbed many loanwords from other Romance languages like French, Occitan, Catalan, Portuguese, and Italian. [1] Spanish also has lexical influences from Arabic and from Paleohispanic languages such as Iberian, Celtiberian and Basque.
While initially a crop of the Indian subcontinent, the cultivation of sugar in the New World had significant effects on Spanish society. New World sugar cultivation added to the growing power of the Spanish and Portuguese economies while also increasing the popularity of slave labor (which had severe impacts on African, American, and European societies).
The economy of Spain is a highly developed social market economy. [30] It is the world's 15th largest by nominal GDP and the sixth-largest in Europe.Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
In his book 'Language and Economy', [3] the German sociolinguist Florian Coulmas discusses "the many ways in which language and economy interact, how economic developments influence the emergence, expansion, or decline of languages; how linguistic conditions facilitate or obstruct the economic process; how multilingualism and social affluence ...
The largest such group was the Castilians, whose language became Spanish. The standard Spanish language is also called Castilian in its original variant, and in order to distinguish it from other languages native to parts of Spain, such as Galician, Catalan, Basque, etc. In its earliest documented form, and up through approximately the 15th ...
The Spanish discovery of silver in huge deposits was the great transformative commodity for the Spanish empire's economy. Discovered Upper Peru (now Bolivia) at Potosí and in northern Mexico, silver mining became the economic motor of the Spanish empire. [19] Spain's economic power was built on silver exports from Spanish America.
[225] [226] The economy of Ceuta is still centred on its port and on developing industrial and retail sectors. [226] Melilla's economy is dominated by fishing and by cross-border trade with Morocco. [222] The cities have the status of autonomous cities and are each governed by a Mayor-President and an elected assembly (Council of Government).
The 142 m Torre de Madrid, built in 1957, heralded the "Spanish Miracle".. The Spanish miracle (Spanish: el milagro español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, [1] in which GDP averaged a 6.5 percent growth rate per year, [2] and was itself part of a ...