Economic Policies: Early Economy & The Corporate State Flashcards

1
Q

What policies did De’Stefani introduce?

A

Deregulated the economy, cut protective tariffs, favoured less spending to balance the budget and less interference with businesses

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2
Q

What effect did De’Stefani’s policies have on the economy?

A

Budget surplus, manufacturing production improved, inflationary problems and agricultural groups unhappy with reduction in tariffs

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3
Q

What happened in July 1925?

A

De’Stefani was replaced with Volpi and a move to a more state run economy with greater personal influence

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4
Q

What was the Battle for Lira in 1926-27?

A

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

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5
Q

What effect did the Battle for Lira have?

A

Forced to introduce deflationary methods, showed the economy shifting towards policies that aimed to show Mussolini’s power

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6
Q

What was the Ministry of Corporations?

A

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

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7
Q

What did the Ministry of Corporations really do?

A

Did little apart from mediating in labour disputes and reducing the amount of syndicates

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8
Q

What was the Charter of Labour and when was this created?

A

1927, promised mixed corporations would organise the economy, guaranteed workers rights in employment, social insurance and welfare

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9
Q

What was significant about the Charter of Labour?

A

It was simply a programme of intent and was never really followed through

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10
Q

What happened to the syndicates in 1928?

A

Split into 6 groups to represent main areas of the economy, mirrored by 6 employers confederations

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11
Q

What was the National Council of Corporations set up in 1930?

A

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

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12
Q

What was the National Council of Corporations like in reality?

A

Only propaganda, only the employers were fairly represented

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13
Q

What law was passed in 1934?

A

Implemented mixed corporations representing 22 economic sectors, could allegedly fix good prices and settle industrial disputes, however was simply propaganda

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14
Q

What was the Central Corporative Committee and when was this set up?

A

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

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15
Q

What did the establishment of the Central Corporative Committee mean for the economy?

A

Real power over economy was held by Mussolini, major decisions made through private discussions with economic interest groups

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16
Q

Who were employers represented by in the corporate state?

A

Themselves

17
Q

Who were employees represented by in the corporate state?

A

Fascist syndicates (fascist officials)

18
Q

What were the two main weaknesses with the corporate state?

A

Representation was unbalanced, power subordinate to Mussolini as corporations only discussed the issues