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Economy B121R12 ITALY

Economy B121R12 ITALY

Italy - Economic and political crisis: the “two red years.Italy - Italy - Economic and political crisis: the “two red years”: Italy faced serious postwar economic problems. Wartime governments had printed money to pay for arms, and inflation intensified. By the end of 1920 the lira was worth only one-sixth of its 1913 value. Savings became nearly worthless, and rents collected by landowners plummeted in value.

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