Economic And Social Policies Flashcards
What was Mussolini’s economic policy from 1922-25?
Abandoned anti-Capitalist ideas of 1919 programme eg nationalisation of the arms industry. Supported liberal ideas of free trade and laisse-faire policies to win over conservatives business interests.
Why did the Italian economy improve in the early 1920s?
Global economic boom, leading to decline in unemployment.
Who was finance minister 1922-25 and what were his policies?
De Stefani: tax cuts, pursuing pro-business policies, reducing public spending etc
How much did exports of textiles, car and agricultural goods increase from1922-25?
Doubled
What di de Stefaihave difficulties with?
Rising inflation due to industrial boom.
When was de Stafani replaced and who with?
1925, Volpi and saw economic policies becoming more fascist-centred.
What were the four battles?
The battle for the lira, the battle for gran, the battle for births and the battle of the marshes
When was the lira revalued?
December 1927
What was the lira revalued to?
From 150 to 90 lira against the pound.
What was the effect of the revaluation?
Marked a period of greater state intervention. Undermined Italian exports, but meant that imports were cheaper benefitting industries such as the steel and rearmament sectors. Relied heavily on foreign imports for war preparation.
How did revaluation of the lira affect living standards?
Wages fell more than prices, so living stands declined.
How much did unemployment increase 1926-28?
trebled
When was the lira devalued?
October 1936
What was the corporate state?
A proposed ‘third way’ which aimed to promote cooperation between employers and employees.
When was the structure of corporatism introduced an who by?
1926-28 by Rocco
How was the corporate state set up?
Separate corporations in significant areas of the Italian economy. Both workers and employees represented. Employers insured they wouldn’t lose control over their factories (as desired by more apical syndicalism fascists)