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Asserts that during the 19th-20th centuries, French antisemitism had a great influence in Spain, backed by the old Spanish medieval stereotypes about the Jews. The new French antisemitism described the Jew as a secret conspirator who wished to dominate the world and destroy European culture. In Spain, as in the rest of Europe, this image was used (mostly by militant Catholic circles) to rationalize the end of absolutism and the rise of liberalism. Later, the same stereotype was used to explain the Russian Revolution. After World War II, antisemitism in Spain declined, but in the 1990s the hostile image of the Jew was updated and used in order to explain the globalization process taking place in the world economy.