Search results
Results from the WOW.Com Content Network
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".
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).
In general, fascist governments exercised control over private property but they did not nationalize it. [7] Scholars also noted that big business developed an increasingly close partnership with the Italian Fascist and German Nazi governments after they took power. Business leaders supported the government's political and military goals.
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 ...
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 ...
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.
To depose the weak parliamentary democracy, Deputy Mussolini (with military, business and liberal right-wing support) launched the PNF March on Rome (27–31 October 1922) coup d'état to oust Prime Minister Luigi Facta and assume the government of Italy to restore nationalist pride, restart the economy, increase productivity with labor ...
The Mussolini government was the longest-serving government in the history of Italy. The Cabinet administered the country from 31 October 1922 to 25 July 1943, for a total of 7,572 days, or 20 years, 8 months and 25 days.