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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".
De Felice argued that Mussolini was a revolutionary modernizer in domestic issues, but a pragmatist in foreign policy who continued the Realpolitik policies of liberal Italy (1861–1922). [143] In the 1990s, a cultural turn began with studies that examined the issue of popular reception and acceptance of Fascism using the perspectives of ...
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.
Initials on the Four-Power Pact, from Francesco Salata's Il patto Mussolini. The Four-Power Pact, also known as the Quadripartite Agreement, was an international treaty between the United Kingdom, France, Italy, and Germany that was initialed on 7 June 1933 and signed on 15 July 1933 in the Palazzo Venezia, Rome.
During this period, Mussolini identified his economic policies with "state capitalism" and "state socialism", which later was described as "economic dirigisme", an economic system where the state has the power to direct economic production and allocation of resources. [143]
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.
Fascism's pacifist foreign policy ceased during its first year of Italian government. In September 1923, the Corfu crisis demonstrated the regime's willingness to use force internationally. Perhaps the greatest success of Fascist diplomacy was the Lateran Treaty of February 1929, which accepted the principle of non-interference in the affairs ...
"Work, in all its intellectual, technical, and manual forms, is a social obligation. To this end, and only to this end, it is safeguarded by the State. The totality of production is unitary from the national point of view; its objectives are unitary and comprise the well-being of the producers and the development of national strength." Article 3: