Italys economic struggles
Italy’s Economic Struggles
In the time period between 1700 to 1900 Italy’s economic situation was greatly effected by it’s disunity and it’s distribution among the many countries of Europe. Previous to 1860, Italy was not united, it was divided into separate city-states, or controlled by a foreign power. One of these being Spain, who had undergone a disastrous decline in it’s economy, leading to a decrease in Italy’s as well. In 1815, with
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by 1900 two out of every three immigrants were Italian. This new nation faced many serious financial problems. Italy had amounted a large amount of debt and still remained firmly established in agriculture, with few resources. It wasn’t until the first World War that Italy was able to emerge as a predominant figure in the European World. With it’s unity, Italy began it’s ascend to the 5th world power in the world today
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