Economy of fascist Italy

Common card · No. 427118

The economy of Fascist Italy refers to the economy in the Kingdom of Italy during the Fascist period. 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). The Mussolini regime enacted substantial government control of the economy, with frequent price control of goods. When faced with international sanctions, the Mussolini regime set a fixed exchange rate, relied on bilateral trade agreements, and nationalized private banking. The regime implemented a corporatist system to manage the economy.

Read on Wikipedia · Image Max Roser, CC BY 4.0