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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".
"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.
In 1934, Mussolini boasted that three-quarters of Italian businesses "is in the hands of the state". [85] [86] Various banking and industrial companies were financially supported by the state. One of Mussolini's first acts was indeed to fund the metallurgical trust Ansaldo to the height of 400 million Liras.
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 ...
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 series chronicles Benito Mussolini’s rise to power and is particularly timely as populist leaders are sprouting up all over the world. Based on Italian author …
The Doctrine of Fascism by Benito Mussolini Complete text of the essay "Dottrina" (Doctrines). A translation of the Benito Mussolini "Doctrines" section of the "Fascism" entry in the 1932 edition of the Enciclopedia Italiana. From the publication Fascism: Doctrine and Institutions, by Benito Mussolini, 1935, 'Ardita' Publishers, Rome. Footnote ...