Economy 1922-25 Flashcards
During this time what did Italy and the rest of Europe enjoy?
An economic upturn
Who did BM appoint as his Finance Minister?
De Stefani (university economist)
What was de Stefani determined to do?
Balance the budget
What laissez-faire policies did de Stefani follow to achieve this aim?
- reduced taxation
- cut public expenditure
- removed regulations and trade restrictions
- limited govt intervention in the economy
While de Stefani encouraged investment, what was he against?
Protectionism and paying subsidies.
He also wanted businesses to compete with each other on an equal footing
Why was de Stefani dismissed in 1925?
There were policy disagreements.
The creation of a fascist totalitarian state needed an economy that would run in different lines
Who was de Stefani replaced with?
Count Volpi, an industrialist and banker
Interestingly did not bow to pressure from radicals
Italy had entered a v. Different phrase in her economic development. What was the aim?
To bring Italy’s economy within the overall framework of the Fascist totalitarian state.
