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How Italy Handled the Great Depression
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How Effective Italy Coped with the Great Depression
Social Impact of the Great Depression
Economical Impact of the Great Depression
The people listened to Mussolini's speech promising to restore the economy and national pride but the people were still losing jobs. The views between supporting the military were mixed and the depression only intensified the falling pride of the country. Since international trade was also decreasing, the people needed to work more in order to sustain their living but the depression decreased the citizens' hours.
The social aspect of Iatly did a complete 180 with civilians having to resort to petty theft and robberies to eat. As crime rates rose so did suicide rates as it became far too much for many Italians to endure. There was an increase in prostitution and schools and leisure activities were no longer the priority.
The economy in Italy was hit hard with salaries falling and most banks crumbling in return. Corporations were set up in pace to assit yet had almost zero impact on the economy of Italy as the fascist unions did not protect the people from wage cuts. The IRI was created to assist failing firms and took control of bank-owned companies, giving Italy the largest industrial sector in Europe.
Political Impact of the Great Depression
The Syndicates negotiated for workers' rights and had a handful of political power and so they assisted in increasing family allowances. During the Depression, there was a call for more control, and Mussolini used this to gain more support for fascism through propaganda and hosting campaigns. He made sure that strike outs were illegal.
However, international trade and investemnts were falling and so Italy created protectionist policies. Mussolini only presented "solutions" to increase his political power, rather than to aid the affected citizens.
Mussolini's Protectionists policies
Mussonlini decreed that the government must only buy Italian products and increased the tarrifs on all imnports.
Mussolini followed "economic dirigisme" which meant the state has the power to direct economic production and allocate resources; this increased political intervention measures.
Mussolini followed "economic dirigisme", the state has the power to direct economic production and allocate resources which incluced political intervention measures.