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"State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management." [4] Article 13: "The duty of employment is under control of the corporate organs.
The Italian economic battles were a series of economic policies undertaken by the National Fascist Party in Italy during the 1920s and 1930s. They were designed to increase the potential of Italy becoming a great power by reclaiming land, placing emphasis on home-grown produce and having a strong currency.
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 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).
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".
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 creation of the Chamber of Fasces and Corporations was the culmination of the progressive curtailment of the independence of the Parliament of the Kingdom of Italy following Mussolini's formal proclamation of dictatorship in 1925. All other parties were formally banned in 1926, though Italy had effectively been a one-party state for a year ...
Prime Minister Benito Mussolini, often known as Il Duce, envisioned an Italian Empire to rival that of the Romans, and in order to carry out this objective, foresaw the need to increase the population. Mussolini pursued an often aggressive foreign policy to achieve his colonial aims: the Italian army invaded Abyssinia (now Ethiopia) in