- Americans placed high tariffs on imported goods
- Europe depended on exporting goods to the U.S.
- Italy declared war on Britain and France
Lateran Treaty was signed.
- 1930-Central bank governors meet in Rome.
- 1930-Italy declined to sign the Washington Treaty.
- 1934-Italy gained the right to colonize Abania.
- 1936-Italy bombed Daggha Bur, Ethiopia.
- 1936-Italy, Austria, and Hungary signed Pact of Rome.
- 1939-Hungary signed an anti-Communist pact with Italy, Germany and Japan.
- 1939-Germany and Italy formed the Rome-Berlin Axis.
Italy