Economic problems Flashcards
Why did economic problems later lead to increasing support for radical political groups?
Many people did not feel that the government’s economic policies had improved their lives
Who achieved considerable economic growth?
Prime Minister Giolitti
What did the state invest in?
Technology - led to growth within industries - particularly new
What did cheaper iron and steel imports lead to ?
The founding of motor and engineering companies - Fiat and Alfa between 1899 and 1906
Were these industries particularly profitable?
Yes! - profits grew by 10.6 % between 1896 and 1913
How much did profits increase by?
Rate of 4.5% per annum
Between 1901 and 1911 how many industrial workers had Italy increased by?
2 million
However, what was the problem with Italy’s economy?
. Developments were geographically restricted
. Of limited size compared with Italy’s rivals
