Alberto Beneduce
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Alberto Beneduce
Alberto Beneduce (29 May 1877 – 26 April 1944) was an Italian politician, scholar and financier, who was among the founders of many significant state-run finance institutions in Italy. Early life and education Beneduce was born in Caserta on 29 March 1877. He earned a mathematics degree from the University of Naples. Career and views Beneduce was a socialist and was a leading member of the Italian Reformist Socialist Party. He was elected to the Chamber of Deputies in 1919 and 1921 representing the party from his hometown Caserta. Beneduce managed to connect with high finance figures and to collaborate with the Italy's fascist regime. He worked in different capacities, including statistician, teacher, demographer, agricultural and insurance specialist. He was a university professor of statistics and demography until 1919. He contributed to the establishment of the national institution of insurance (INA), which was founded in 1912. He also headed the INA from 1912 to 1919 ...
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Caserta
Caserta ( ; ) is the capital of the province of Caserta in the Campania region of Italy. An important agricultural, commercial, and industrial ''comune'' and city, Caserta is located 36 kilometres north of Naples on the edge of the Campanian plain at the foot of the Campanian Subapennine mountain range. The city is best known for the 18th-century Bourbon Royal Palace of Caserta. History Anciently inhabited by Osco- Samnite tribes, modern Caserta was established around the defensive tower built in Lombard times by Pando, Prince of Capua. Pando destroyed the original city around 863. The tower is now part of the Palazzo della Prefettura that was once the seat of the counts of Caserta, as well as a royal residence. The original population moved from Casertavecchia (former bishopric seat) to the current site in the sixteenth century. Casertavecchia was built on the Roman town of ''Casa Irta'', meaning "home village located above" and later contracted as "Caserta". The ci ...
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Istituto Mobiliare Italiano
The Istituto Mobiliare Italiano (IMI, ) was a public financial institution in Italy based in Rome, founded in 1931, privatized in the 1990s and eventually acquired in 1998 by Istituto Bancario San Paolo di Torino. Its name survives in Banca IMI, the investment banking arm of Intesa Sanpaolo. Overview The Istituto Mobiliare Italiano was established as a public body on , with involvement of Alberto Beneduce and Felice Guarneri, in response to the European banking crisis of 1931 in a context of distress of the three main Italian universal banks, namely Banca Commerciale Italiana, Banco di Roma, and Credito Italiano. It was led by until . IMI's activity specialized in credit for industrial activities in the long and medium term, issuing bonds to finance itself. In its initial half-decade of activity, however, IMI granted only two loans, one to the Acciaierie di Terni and the other to Italgas, while the other two public credit institutions created in the same period, Crediop and , lar ...
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Enrico Cuccia
Enrico Cuccia (24 November 1907 – 23 June 2000) was an Italian banker, who was the first and long-term president of Mediobanca SpA, the Milan-based investment bank, and a significant figure in the history of capitalism in Italy. Early life and education Cuccia was born into a Sicilian family in Rome on 24 November 1907. He was of Arbereshe origin. His family was Catholic. His father was a senior civil servant at the finance ministry. In 1930, Enrico Cuccia received a law degree. Career Cuccia started his career as a journalist, but he left soon. He began to work at the Central Bank of Italy and served in Ethiopia. In 1934, he joined the state-run holding group, Istituto per la Ricostruzione Industriale (IRI). Then he began to serve as a manager at IRI's Banca Commerciale Italiana in 1938. In 1946, Cuccia was appointed president of Mediobanca when it was founded. Subsequently, he was the first head of the bank, which was initially named as Banca di Credito Finanziaro. ...
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Deflation
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% and becomes negative. While inflation reduces the value of currency over time, deflation increases it. This allows more goods and services to be bought than before with the same amount of currency. Deflation is distinct from '' disinflation'', a slowdown in the inflation rate; i.e., when inflation declines to a lower rate but is still positive. Economists generally believe that a sudden deflationary shock is a problem in a modern economy because it increases the real value of debt, especially if the deflation is unexpected. Deflation may also aggravate recessions and lead to a deflationary spiral . Some economists argue that prolonged deflationary periods are related to the underlying technological progress in an economy, because as productivity increases ( TFP), the cost of goods decreases. Deflation usually happens when supply is hi ...
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World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ...
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Cornell University Press
The Cornell University Press is the university press of Cornell University, an Ivy League university in Ithaca, New York. It is currently housed in Sage House, the former residence of Henry William Sage. It was first established in 1869, making it the first university publishing enterprise in the United States, but was inactive from 1884 to 1930. The press was established in the College of the Mechanic Arts, as mechanical engineering was called in the 19th century, because engineers knew more about running steam-powered printing presses than literature professors. Since its inception, The press has offered work-study financial aid: students with previous training in the printing trades were paid for typesetting and running the presses that printed textbooks, pamphlets, a weekly student journal, and official university publications. Today, the press is one of the country's largest university presses. It produces approximately 150 nonfiction titles each year in various disci ...
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Stanford University Press
Stanford University Press (SUP) is the publishing house of Stanford University. It is one of the oldest academic presses in the United States and the first university press to be established on the West Coast. It is currently a member of the Association of University Presses. The press publishes 130 books per year across the humanities, social sciences, and business, and has more than 3,500 titles in print. History David Starr Jordan, the first president of Stanford University, posited four propositions to Leland and Jane Stanford when accepting the post, the last of which stipulated, "That provision be made for the publication of the results of any important research on the part of professors, or advanced students. Such papers may be issued from time to time as 'Memoirs of the Leland Stanford Junior University.'" In 1892, the first work of scholarship to be published under the Stanford name, ''The Tariff Controversy in the United States, 1789-1833'', by Orrin Leslie Elliott, ...
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Assicurazioni Generali
Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest insurance companies by net premiums and assets. Generali's major competitors at the international level are Axa, AXA, Allianz and Zurich Insurance Group. The company is listed on the Borsa Italiana and is part of the FTSE MIB, FTSE MIB index of the same stock exchange. History Established on December 26, 1831, as the ''Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche'' ('Imperial and Royal Privileged Company for General Austrian-Italian Insurances') in Trieste. Its promoter was Giuseppe Lazzaro Morpurgo. The adjective "Generali" (''"general"'') referred to the company's comprehensive insurance coverage across all the branches (fire, life, hail, sea, land and river transport). This approach was rare at the ...
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Edison (company)
Edison S.p.A. is an Italian electric utility company headquartered in Milan. The company was established in 1884 and acquired by Electricité de France in 2012. Edison employs more than 5,000 people in Europe, North Africa, and the Middle East. The chairman of the board is Luc Rémont (CEO of EDF) and the chief executive officer is Nicola Monti. History Early history (1884-1966) Founded in 1884 by :it:Giuseppe Colombo (ingegnere), Giuseppe Colombo in Milan, Italy, as "Società generale italiana di elettricità sistema Edison", it served the purpose of introducing and applying Thomas Edison's inventions to Italy. Indeed, Colombo, an engineering professor, was a great admirer of Edison, whom he had met in the United States in 1881, securing an exclusive licence for some of List of Edison patents, his patents for Italy and hiring some of his collaborators. Edison operated the Santa Radegonda power plant, Europe's first power plant. In the following decades, Edison continued growin ...
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Montecatini Terme
Montecatini Terme (Montecatini-Terme, according to Italian National Institute of Statistics, ISTAT documentation) is an Italian ''comune'' (municipality) of inhabitants in the province of Pistoia, in the Italy, Italian region of Tuscany. It is the most important center in Valdinievole. The town is located at the eastern end of Piana di Lucca and has a strong tourism industry, as well as industrial and commercial industries related to the spa, which in turn has increased the interest in hotel accommodation in the region. In 2021, the town became part of the transnational "Great Spa Towns of Europe" UNESCO World Heritage Site, because of its famous mineral springs and its architecture exemplifying the popularity of spa resorts in Europe during the 18th through 20th centuries. History The presence of humans in the area of Montecatini is very old. Probably from Paleolithic times the region was frequented by itinerant hunters, but only from the Mesolithic period is there evidenc ...
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Pirelli
Pirelli & C. S.p.A. is an Italian multinational tyre manufacturer based in the city of Milan, Italy. The company, which has been listed on the Borsa Italiana since 1922, is the 5th-largest tyre manufacturer, and is focused on the consumer production of tyres for cars, motorcycles and bicycles. It is present in Europe, the Asia-Pacific, Latin America, North America, and the post-Soviet states, operating commercially in over 160 countries. It has 19 manufacturing sites, across 13 countries, and a network of around 14,600 distributors and retailers. In 2015, China National Chemical Corp. Ltd. ( ChemChina) took controlling interest of Pirelli; with the Chinese state-owned company agreeing to maintain the tyre company's ownership structure until 2023. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008–2010, FIA Formula One World Championship for 2011–present and for the FI ...
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Fiat
Fiat Automobiles S.p.A., commonly known as simply Fiat ( , ; ), is an Italian automobile manufacturer. It became a part of Fiat Chrysler Automobiles in 2014 and, in 2021, became a subsidiary of Stellantis through its Italian division, Stellantis Europe. Fiat Automobiles was formed in January 2007 when Fiat S.p.A. reorganized its automobile business, and traces its history back to 1899, when the first Fiat automobile, the Fiat 4 HP, was produced. Fiat Automobiles is the largest automobile manufacturer in Italy. During its more than century-long history, it remained the largest automobile manufacturer in Europe and the third in the world after General Motors and Ford Motor Company, Ford for over 20 years, until the car industry crisis in the late 1980s. In 2013, Fiat S.p.A. was the second-largest European automaker by volumes produced and the Automotive industry, seventh in the world, while FCA was the world's eighth-largest automaker. In 1970, Fiat Automobiles employed more th ...
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