Authored by Kyle Randall
Like most of the world, Italy suffered greatly in the first half of the 20th century, as a result of the two World Wars and the Great Depression devastating most developed nations. World War I caused distrust amongst many first world nations, and brought about a massive decrease in trade across the globe. “These policies took several forms such as import tariffs, currency control and quota restrictions” (Perri and Quadrini 2000, 4). The collapse of the economy and subsequent worldwide political strife made way for conflicts that would spark the second World War, sowing even greater turmoil and tragedy into an already struggling nation. After World War II came to a close, Italy’s infrastructure suffered massive damage, and its economy was in shambles. Thousands of children were left homeless and orphaned. While Italy would eventually recover, the initial years were difficult. “In the aftermath of World War II, Italy and France like the other European belligerents experienced persistent, rapid, disruptive inflation” (Casella and Eichengreen 1991, 1). With the country as unstable as it was, it was no wonder why the nation had to turn to outside help to care for their orphans.
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