Italian industry Flashcards
What were the 3 main parts of Italian economic history?
- An initial period of struggling with high emigration and stagnant growth
- A period of robust catch-up from the 1890s to 1980s, interrupted by the great depression and world wars
- A final period of sluggish growth from which the country is just re-emerging
How economically developed was Italian before unification?
Italian statelets were largely agrarian. However, the agricultural surplus produced allowed for the mergence of manufacturing in Piedmont
What was GDP per capita compared to France, Britain and Germany?
1/2 of Britain, and 3/4 of France and Prussia
What held back industrialisation in Italy?
A lack of iron and coal
What did the 1880s farm crisis lead to?
Modern farming methods
What came in between 1878-87 to aid industrialisation?
Protectionism
Where was there hydropower potential?
The Alpine hills
What developed in the Turin/Milan/Genoa triangle?
Milan and Turin led a chemical, textile, engineering and banking boom, while genoa captured civil and military ship building
Which areas were excluded by industrialisation?
Venetia and the south
How many Italians emigrated between 1865-1985?
29,000,000 (10,000,000 returned)
How many Italians emigrated between 1876-1914?
14,000,000, 2/3 of whom were men (5,000,000 returned)
How did Italy cope with the demands of WW1?
They fought a successful modern war with 5,000,000 recruits. Italy lost 700,000 men and accumulated a sovereign debt ammounting to billions of lire
What did the unification process break down in the south?
The long standing feudal system
Why did agriculture become more unproductive in the south?
Because land was divided between heirs
Which areas were most affected by the diaspora?
Low income agricultural areas with small peasant landholdings