Battle For The Lira
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Battle For The Lira
The Battle for the Lira was an economic policy undertaken by the Fascists in Italy during the 1920s as an attempt to raise the claims of Italy becoming a great power. Background When Benito Mussolini took over as Prime Minister of Italy in 1922 the economy was in a bad state following World War I. Between 1922 and 1925, the financial and economic situation generally improved dramatically and this helped to increase the power of Italy, who strived to be one of the world's leading countries. Italy wanted to restore some of its purchasing power. But in order for this to happen it was vital that they strengthen the lira. Mussolini took the view that a weak lira would look bad for the country when presenting Italy as a great power across Europe and the United States. Details Aims The policy had a number of aims. These comprised: *to fix the lira at a rate of Lit. 92.46 ("Quota 90") to sterling (£ stg) *to reduce inflation *to confirm the image of Fascism bringing stabilit ...
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Kingdom Of Italy (1861-1946)
The Kingdom of Italy ( it, Regno d'Italia) was a state that existed from 1861, when Victor Emmanuel II of Sardinia was proclaimed King of Italy, until 1946, when civil discontent led to an institutional referendum to abandon the monarchy and form the modern Italian Republic. The state resulted from a decades-long process, the ''Risorgimento'', of consolidating the different states of the Italian Peninsula into a single state. That process was influenced by the Savoy-led Kingdom of Sardinia, which can be considered Italy's legal predecessor state. Italy declared war on Austria in alliance with Prussia in 1866 and received the region of Veneto following their victory. Italian troops entered Rome in 1870, ending more than one thousand years of Papal temporal power. Italy entered into a Triple Alliance with the German Empire and the Austro-Hungarian Empire in 1882, following strong disagreements with France about their respective colonial expansions. Although relations with ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Denis Mack Smith
Denis Mack Smith CBE FBA FRSL (3 March 1920 – 11 July 2017) was an English historian who specialized in the history of Italy from the Risorgimento onwards. He is best known for his biographies of Garibaldi, Cavour and Mussolini, and for his single-volume ''Modern Italy: A Political History''. He was named Grand Official of the Order of Merit of the Italian Republic in 1996. Early life Denis Mack Smith was born in Hampstead (north London), the son of tax inspector Wilfrid Mack Smith (1891–1975) and Altiora Edith Gauntlett (1888–1969), and was educated at St Paul's Cathedral Choir School and Haileybury College. He earned a degree in History at Peterhouse, Cambridge, and following his graduation, he was a fellow there for the next 15 years (1947–62). Career A Senior Research Fellow at All Souls College, Oxford from 1962 to 1987, and then an Emeritus Fellow until his death, Mack Smith has been considered the world's leading scholar on Italian history for the English worl ...
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Economy Of Italy Under Fascism, 1922–1943
The economy of fascist Italy refers to the economy in the Kingdom of Italy between 1922 and 1943, under fascism. Italy had emerged from World War I in a poor and weakened condition and, after the war, suffered inflation, massive debts and an extended depression. By 1920, the economy was in a massive convulsion, with mass unemployment, food shortages, strikes, etc. That conflagration of viewpoints can be exemplified by the so-called ''Biennio Rosso'' (Two Red Years). Background There were some economic problems in Europe like inflation in the aftermath of the war. The consumer price index in Italy continued to increase after 1920 but Italy did not experience hyperinflation on the level of Austria, Poland, Hungary, Russia and Germany. The costs of the war and postwar reconstruction contributed to inflationary pressure. The changing political attitudes of the post-war period and rise of a working class was also a factor and Italy was one of several countries where there was a dis ...
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Battle For Births
The Battle for Births was one of four economic battles that took place in Fascist Italy (1922–1943), the others being the Battle for Grain (to make the country more self-sufficient), the Battle for the Lira (an increase in the value of the currency), and the Battle for Land (which involved policies of land reclamation). 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 October 1935. The phrase "Battle for Births" was also used, in contemporary sources, to describe policies developed in Nazi Germany. Implementation Mussolini feuded with the Catholic Church over a number of issues in his time in office, but their views, at that time, coincided on the issue of gender roles and contraception: b ...
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Battle For Land
The Battle For Land, started in 1928 in Italy by Benito Mussolini, aimed to clear marshland and make it suitable for farming, as well as reclaiming land and reducing health risks. Aims The primary aims of the Battle for Land was to increase the amount of land available for cereal production, to help with the Battle for Grain. This would in turn provide more jobs and show dynamic action from the government, impressing foreign governments. Another important aim of the Battle was to improve health by reducing malaria, which was an issue due to the wildlife populating the marshlands. Actions The government expanded the previous government’s schemes of providing money to drain or irrigate farmland. Private landowners were made to cooperate with drainage schemes and other projects via the landholder association, which determined contributions. Malaria swamps were drained and a network of small farms were set up, owned by ex-servicemen, as Fascist propaganda stressed the need to reviv ...
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Food Prices
Food prices refer to the average price level for food across countries, regions and on a global scale. Food prices have an impact on producers and consumers of food. Price levels depend on the food production process, including food marketing and food distribution. Fluctuation in food prices is determined by a number of compounding factors. Geopolitical events, global demand, exchange rates, government policy, diseases and crop yield, energy costs, availability of natural resources for agriculture, food speculation, changes in the use of soil and weather events have a direct impact on the increase or decrease of food prices. The consequences of food price fluctuation are multiple. Increases in food prices, or agflation, endangers food security, particularly for developing countries, and can cause social unrest. Increases in food prices is related to disparities in diet quality and health, particularly among vulnerable populations, such as women and children. Food prices will o ...
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Battle For Grain
The Battle for Grain (), also known as the Battle for Wheat, was a propaganda campaign launched in 1925 during the fascist regime of Italy by Benito Mussolini, with the aim of gaining self-sufficiency in wheat production and freeing Italy from the "slavery of foreign bread". This campaign was successful in increasing wheat output and lowering the trade balance deficit, but was ultimately economically counter-productive for Italy's agricultural sector as farmers who grew other produce had to clear their land for grain cultivation which decreased exports and thus resulted in higher food prices which placed Italian families under financial strain. Aims Here are some of the policy's aims: * Boost grain production to make Italy self-sufficient in wheat * Reduce the trade balance deficit * Reduce the need of importing bread * Project Italy as a major European power Impact In the year following the announcement of the Battle for Grain, wheat production levels stood at 50% higher th ...
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Pesaro Speech
Pesaro () is a city and ''comune'' in the Italian region of Marche, capital of the Province of Pesaro e Urbino, on the Adriatic Sea. According to the 2011 census, its population was 95,011, making it the second most populous city in the Marche, after Ancona. Pesaro was dubbed the "Cycling City" (''Città della Bicicletta'') by the Italian environmentalist association Legambiente in recognition of its extensive network of bicycle paths and promotion of cycling. It is also known as "''City of Music''", for it is the birthplace of the composer Gioacchino Rossini. In 2015 the Italian Government applied for Pesaro to be declared a "Creative City" in UNESCO's World Heritage Sites. In 2017 Pesaro received the European City of Sport award together with Aosta, Cagliari and Vicenza. Local industries include fishing, furniture making and tourism. In 2020 it absorbed the former ''comune'' of Monteciccardo, now a ''frazione'' of Pesaro. History The city was established as ''Pisaurum'' by th ...
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Quota 90
The Quota 90 ( it, Quota novanta) was a controversial revaluation of the lira undertaken by Mussolini, announced on August 18, 1926, at a speech in Pesaro, pegging the exchange rate to Lit. 92.46 to £1  stg (19 lire against the US Dollar)Peter Neville. 2003. ''Mussolini''. Routledge. . p. 77. by December 1927, which had been the prevailing market rate when Mussolini took power in 1922. George Holmes. 2001. ''The Oxford Illustrated History of Italy''. Oxford University Press. . p. 275. The Quota has been described as the "most controversial measure undertaken by ussolini'sgovernment before 1929", despite the general consensus that some revaluation was necessary among Italian bankers and industrialists.Alexander De Grand. 2000. ''Italian Fascism: Its Origins and Development''. University of Nebraska Press. . p. 60-62. Minister of Finance Giuseppe Volpi—who preferred a rate of 120 or 125Franklin Hugh Adler. 1995. ''Italian Industrialists from Liberalism to Fascism''. ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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