The term 'Spanish Wave' is composed of two words: 'ola' and 'onda'. Ola is a Spanish word meaning 'wave', while onda is a Spanish word meaning 'wave'. The Spanish Wave is a term used to describe the wave of immigration from Latin America to Spain in the late 20th century. This wave of immigration was largely driven by economic factors, as many Latin Americans sought better job opportunities and higher wages in Spain. The Spanish Wave also had a significant cultural impact, as it brought with it a new wave of Latin American culture to Spain.