Fascist economy Flashcards
Mussolini was successful in improving the economy.
IMI and IRI schemes ensured bank stability and employment by sustaining businesses 1934
Draining of marshes during the Depression provided work for people.
Budget surplus 1924/25
Debt fell from 75% to 50 of GDP 1922-25.
Mussolini was unsuccessful in improving the economy.
Revaluation of the Lira crippled Italian exports and Mussolini’s use of high tariffs prevented the benefits o the revaluation.
Corporate state never solved class conflict in industry and was corrupt- creation of mock factories to secure subsidies.
Public work schemes during the Depression were expensive and Italy’s deficit budget grew hugely; welfare spending increased from 7% to 20%.
Mussolini was successful in improving conditions for workers/ people.
Open conflict between workers and employers declined due to the corporate state.
Corporate State gave workers sick pay and paid national holidays1938.
Public work schemes allowed employment post-depression (eg. road building)
Welfare increased for those who’d lost jobs due to the depression and were unable to find new ones.
Mussolini was unsuccessful in improving conditions for workers/ people.
Socialist strikes were outlawed due to the 1935 Vidoni Pact.
Unemployment trebled 1926-28.
In the Corporate state, workers were represented by officials who were loyal to Mussolini.
Workers’ wages were cut during the depression.
Mussolini’s economy increased his control and prestige.
Appointment of De Stefani pleased business groups.
Corporate state was good propaganda- myth of overcoming class conflict and creating a third way between capitalism and communism; was acclaimed by political and economic scientists worldwide.
Mussolini held significant control over the economy; headed the Central Corporative Committee.
Mussolini’s economy didn’t improve his control/prestige.
-Revaluation of the Lira didn’t work and was simply propaganda
