Edoardo Cervoni

The Italian Economic Miracle Edoardo Cervoni

In 1945, Italy found itself in severe conditions, with 3,000 billion damages suffered from the war. Most of the industrial plants are saved, but 1945 collapses by 29% compared to 1938. Heavy wear to the transport system-over one and a half million unemployed. Raw materials are lacking, and people suffer from hunger. There is American aid, but it is about launching an organic economic reorganization plan capable of restoring production levels in 1938. The reconstruction is a difficult task, especially in an atmosphere dominated by severe social tensions. These are difficult years characterized by great vitality and a deep desire to resume everyday life after the horrors of the war. In 1950, the Italian trade balance showed a positive balance for the first time after the war. After reconstruction, the development phase begins.
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