Search results
Results from the WOW.Com Content Network
Italy was obliged to pay the following war reparations (article 74): $125,000,000 US to Yugoslavia $105,000,000 US to Greece $100,000,000 US to the Soviet Union $25,000,000 US to Ethiopia $5,000,000 US to Albania. The amounts were valued in the US dollar at its gold parity on 1 July 1946 ($35 for one ounce of gold).
Economy, Society and Government in Medieval Italy. Luzzatto, Gino (1961). An economic history of Italy: from the fall of the Roman Empire to the beginning of the sixteenth century. Routledge & Kegan Paul. Malanima, Paolo (2011). "The long decline of a leading economy: GDP in central and northern Italy, 1300–1913". European Review of Economic ...
Finland, Romania and Bulgaria had to pay reparations worth about 300 million USD each, mostly paid in natural goods. Bulgaria had to pay reparations worth about 70 million USD. Most of these reparations were not paid in full by the countries which later fell under the umbrella of the Soviet Union, because the Soviet Union officially cancelled ...
Norman Davies writes that the treaty forced Germany to "pay astronomic reparations", [156] while Tim McNeese states, "France and Britain had placed war damages on Germany to the tune of billions of gold marks, which the defeated Germans could not begin to pay in earnest". [157]
Making one party pay a war indemnity is a common practice with a long history. Rome imposed large indemnities on Carthage after the First (Treaty of Lutatius, 241 BC) and Second Punic Wars. [2] There was also the case of 230 million silver taels in reparations imposed on defeated China after the First Sino-Japanese War led Japan to a similar ...
Italy took the initiative in entering the war in spring 1915, despite strong popular and elite sentiment in favor of neutrality. Italy was a large, poor country whose political system was chaotic, its finances were heavily strained, and its army was very poorly prepared. [162] The Triple Alliance meant little either to Italians or Austrians.
While a laborious administrative unification began, a first Italian parliament was elected and, on 17 March 1861, Victor Emmanuel II was proclaimed king of Italy. [11] From 1861 to 1946, Italy was a constitutional monarchy founded on the Albertine Statute, named after the king who promulgated it in 1848, Charles Albert of Sardinia.
The Bank of Italy began producing paper money in 1896. To begin with, 50, 100, 500 and 1,000 lire notes were issued. In 1918–1919, 25 lire notes were also issued but no other denominations were introduced until after the Second World War. In 1943, the invading Allies introduced notes in denominations of 1 lira, 2, 5, 10, 50, 100, 500 and ...