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Downtown Milan in the 1960s. The Italian economic miracle or Italian economic boom (Italian: il miracolo economico italiano or il boom economico italiano) is the term used by historians, economists, and the mass media [1] to designate the prolonged period of strong economic growth in Italy after World War II to the late 1960s, and in particular the years from 1958 to 1963. [2]
In a 2007 publication, the Italian small-business association Confesercenti reported that about 25.2 percent of Sicilian businesses were indebted to loan sharks, who collected around €1.4 billion a year in payments. [197] This figure rose during the late-2000s recession, as tighter lending by banks forced the desperate to borrow from the Mafia.
Cartels and quasi-cartels (whether of big business or small) set prices, engaged in limiting production, and agreed to divide markets and classify consumers in order to realize a monopoly profit. [136] In the same book, Schweitzer details the triangular power structure that existed between the Nazi Party, big business and the generals in 1936.
Silvio Berlusconi ( / ˌbɛərlʊˈskoʊni / BAIR-luu-SKOH-nee, Italian: [ˈsilvjo berluˈskoːni] ⓘ; 29 September 1936 – 12 June 2023) was an Italian media tycoon and politician who served as the prime minister of Italy in four governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011. [ 2] He was a member of the Chamber of Deputies ...
3. Urban petite bourgeoisie (14% of the working population), is mainly made up of shopkeepers, small-business entrepreneurs, self-employed artisans etc. 4. Rural petite bourgeoisie (10% of the working population) consists of small entrepreneurs or estate owners who operate in the countryside, mainly in agriculture and forestry. 5.
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The Fiat 500, launched in 1957, is considered a symbol of Italy's postwar economic miracle. [ 41] The Italian economy has had very variable growth. In the 1950s and early 1960s, the Italian economy was booming, with record high growth rates, including 6.4% in 1959, 5.8% in 1960, 6.8% in 1961, and 6.1% in 1962.
Amadeo Pietro Giannini ( Italian pronunciation: [amaˈdɛːo ˈpjɛːtro dʒanˈniːni] ), also known as Amadeo Peter Giannini or A. P. Giannini (May 6, 1870 – June 3, 1949) was an American banker who founded the Bank of Italy, which eventually became Bank of America. Giannini is credited as the inventor of many modern banking practices.