Portuguese workers campaign for societal change (Ongoing Revolutionary Process), 1974-1976
In the midst of the depression sweeping the globe during the 1930s, Portugal’s finance minister, António de Oliveira Salazar, established the Estado Novo (the New State), a right-wing, pro-Catholic, corporatist authoritarian regime. Based on “patriotism, paternalism, and prudence,” Salazar promised financial stability and economic growth. By the 1960s, Portugal was enjoying reasonably stable economic growth, but nearly all of that growth was absorbed by either Portugal’s “twenty families” or the regime.