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Flashcards in Economy under Mussolini Deck (9)
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1

how did economic policies increase Mussolini's control over the population?

-industrialists happy to support Mussolini
-fascist syndicates
-corporate state (favored industrialists)
-was minister of corporations
-IMI and IRI
-state owned a larger percentage of industry than any other European country

2

how did economic policies increase Mussolini's prestige?

-1922-29 claims credit for increasing company profits
-revaluing lire demonstrates will of Il Duce
-corporate state was essentially propaganda
-public work schemes e.g. road building
-press photographs of M helping with harvest

3

how did economic policies fail to increase Mussolini's prestige?

-increasing disillusionment
-May 1927 battle for births: marriage rates stagnated and birth rate declined

4

how did economic policies improve the economy?

-early policies: increases trade and production
--> reduced gov interference
-reduces gov spending and inflation

-depression: public work schemes. IRI and IMI

-battle for grain: wheat produciton increased by 50% in north and centre

-war industries do well

5

how did economic policies fail to improve the economy?

-revaluation of the lire damaged exports and caused inflation
-depression: increase in welfare spending is a huge strain on gov finances

-battle for grain: southern agriculture (olives) suffered
--> not self sufficient in fertilisers, so lower grain yield

6

how did economic policies improve the lives of workers/farmers?

-corporate state: sick pay and national holidays
--> disputes generally avoided
-increased welfare after depression
-educating farmers on new techniques and providing fertilizers

7

how did economic policies fail to improve the lives of workers/farmers?

-early policies: vidoni pact (1925) fascist syndicates
--> farmers unhappy with reduced tarriffs

-revaluation of the lire: unemployment trebled 1926-28

-corporate state: price cuts and rising wages
--> real wages fell by over 10%

-paying 400 lire extra in late 1930s for food

8

how was autarky achieved?

-agricultural products e.g. cereal and wool stockpiled
--> supplies and prices are stable

-synthetic substitutes e.g. wool vs lanital

-produce more grain

-quotas on foreign goods are good for domestic goods

9

how was autarky not achieved?

-industries like textiles were not prioritised and thus suffered
-gov spending on autarkic measures doubled 1934-38
-firms had to find new energy sources (could not import oil and gas)
-raw materials were scarce. produced less than 1/10 of the iron that Germany did