“The 1931 Banking Crisis in Italy”

Roberto Di Quirico

First

2023-01-01

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Abstract

The banking crisis that arose in Italy in 1931 as a consequence of the Wall Street Crash had repercussions not only in America but in Italy. The financial problems culminated in 1933 with the takeover of the leading Italian banks by the government, and the creation of the Istituto per la Ricostruzione Industriale (IRI), a holding owned by the State that concentrated the industrial and banking portfolios of the three leading Italian banks, including their own shares.