- Privatised telephone sector and other national industries, as well as deregulated the economy and cut tariffs.- He was successful between 1921 and 1924 as Italy's manufacturing improved and achieved a budget surplus.
What were the consequences of the battle for the lira?
It resulted in a range of deflationary measures, massive prices reductions and cuts to wages. Export industries suffered the most as the policy overvalued products overseas.
What were the effects of the corporate state for workers?
Benefits:- Allowed a say in economic planning. - Charter of Labour asserted worker's rights.Drawbacks: - Rocco laws banned strikes. - Unions dismantled in 1925. - Industrialists still had a large amount of control.
What were the effects of the corporate state for industrialists?
Benefits: - Rocco laws bannedstrikes.- Fascists had to rely on them for spending.- Unions dismantled in 1925.Drawbacks:- Had to share economic power with workers.
What were the effects of the corporate state for fascists?
Benefits: 3 Fascists oversaw each corporation, meaning they had a tighter control over the economy. The corporate state was a top-down system of control, allowing them to retain greater control over Italian society. Drawbacks: Had to surrender some power to workers and industrialists.- Made spending on the war harder, as it meant that businesses and workers had to consent to this.
- Too many imports would mean that Italy would be left vulnerable to economic sanctions.- The Great Depression encouraged many countries to turn towards self-sufficiency.
- Strengthening Italy's control of foreign currencies.- Conducting trade through bilateralagreements, to ensure the value of imports matched that of exports.- Minimising imports, to avoid use of foreigncurrencies and goldreserves.
- Belief that the pop. of 40 million would not be good for a war. - It would help to create more competition for employment, that would help to keep labour costs low. - Believed that it would improve labour quality, relations with the Catholic Church and increase the number of consumers.
- Tax reductions for families and mothers.- Loans for married couples were cancelled for each child.- From 1928 employed men were given tax concessions if they had families 7 or larger.- Bachelor Tax introduced in 1927.- All forms of birth control banned through the Rocco Code in 1930.- Fathers given better opportunities.
- Boost production of cereal to make Italy self-sufficient in grain.- Reduce trade deficit, freeing Italy from 'slavey of foreign bread.'- Make Italy less dependent on imports when war came.
- Wheat imports fell by 75% from 1925-35.- Cereal production increased from 1922-1939.- Production rose from 5.39 million to 7.27 million from 1925-1935. - Italy became self-sufficient in grain by 1940.