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Mussolini apparently saw it as "a virility issue" and the decline was an attack on his prestige. In the Pesaro Speech of 18 August 1926, he began the "Battle for the Lira". Mussolini made a number of strong pronouncements and set his position of returning the lira to its 1922 level against sterling, "Quota 90".
Many business and financial leaders believed it would be possible to manipulate Mussolini, whose early speeches and policies emphasized free market and laissez faire economics. [26] This proved overly optimistic, as the Great Depression struck Italy along with the rest of the world in 1929, and Mussolini responded to it by increasing the role ...
Cartels and quasi-cartels (whether of big business or small) set prices, engaged in limiting production, and agreed to divide markets and classify consumers in order to realize a monopoly profit. [136] In the same book, Schweitzer details the triangular power structure that existed between the Nazi Party, big business and the generals in 1936.
The Fascist regime led by Benito Mussolini, fearing a credit crunch with subsequent mass dismissals and a wave of social unrest, started to take over the banks' stakes in large industrial companies (such as steel, weapons and chemicals). At the same time, Mussolini tried to inject capital into failing businesses (Though restructured later).
The Grand Council of Fascism (Italian: Gran Consiglio del Fascismo, also translated "Fascist Grand Council") was the main body of Mussolini's Fascist regime in Italy, which held and applied great power to control the institutions of government.
Donald Trump's election win signals changes in tax policies that could shape the financial future for middle-class Americans. While President-elect Trump promised to lower taxes for most Americans ...
As many Americans begin their holiday festivities, service members are facing uncertainties as a potential government shutdown looms.. Congress had reached a bipartisan agreement Tuesday to keep ...
Government control of business was part of Mussolini's policy planning. By 1935, he claimed that three-quarters of Italian businesses were under state control. Later that year, Mussolini issued several edicts to further control the economy, e.g. forcing banks, businesses, and private citizens to surrender all foreign-issued stock and bond ...