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What were the problems facing Liberal Italyin 1919?
Member rating: No Rating | Words: | Submitted: Tue Aug 12 2003
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What were the problems facing Liberal Italy in 1919? There were a number of problems facing Italy during this period. The crisis of the liberal state as it underwent a process of significant transformation, which started with a process of modernization and lead to the totalitarian fascist state. Firstly, prolonged economic instability by war debts and reparation payments due to the 1st World War caused economic chaos. The cost of keeping soldiers armed and fed also laid a heavy burden on the Italian treasury. The value of money and interest rates were very stable but financing the War by borrowing and printing money caused inflation. This was terrible news for people who lived off fixed incomes and savings for the middle class was destroyed. People feared that the capitalist system was breaking down. This also caused the factory worker's pages to fall immensely and by the end the 1st World...
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