Economic Policies: Early Economy & The Corporate State Flashcards
What policies did De’Stefani introduce?
Deregulated the economy, cut protective tariffs, favoured less spending to balance the budget and less interference with businesses
What effect did De’Stefani’s policies have on the economy?
Budget surplus, manufacturing production improved, inflationary problems and agricultural groups unhappy with reduction in tariffs
What happened in July 1925?
De’Stefani was replaced with Volpi and a move to a more state run economy with greater personal influence
What was the Battle for Lira in 1926-27?
1922, 90 lira stood to £1, this had risen to 150 in 1926, therefore the lira was fixed at 19 to the USD and 92.46 GBP
What effect did the Battle for Lira have?
Forced to introduce deflationary methods, showed the economy shifting towards policies that aimed to show Mussolini’s power
What was the Ministry of Corporations?
Grew out of the 1926 Rocco Law, corporations aimed to be a mic of union workers and employers that discussed and implemented national economic planning
What did the Ministry of Corporations really do?
Did little apart from mediating in labour disputes and reducing the amount of syndicates
What was the Charter of Labour and when was this created?
1927, promised mixed corporations would organise the economy, guaranteed workers rights in employment, social insurance and welfare
What was significant about the Charter of Labour?
It was simply a programme of intent and was never really followed through
What happened to the syndicates in 1928?
Split into 6 groups to represent main areas of the economy, mirrored by 6 employers confederations
What was the National Council of Corporations set up in 1930?
On paper, a highly complex government system that was meant to be a consultative body made up of employers and worker organisations representing 7 large sectors of the economy
What was the National Council of Corporations like in reality?
Only propaganda, only the employers were fairly represented
What law was passed in 1934?
Implemented mixed corporations representing 22 economic sectors, could allegedly fix good prices and settle industrial disputes, however was simply propaganda
What was the Central Corporative Committee and when was this set up?
1935, originally the National Council of Corporations, approved any plans put forward by the corporations, headed by Mussolini who could decide alone what laws to pass
What did the establishment of the Central Corporative Committee mean for the economy?
Real power over economy was held by Mussolini, major decisions made through private discussions with economic interest groups
