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Erschienen in:
1998 | OriginalPaper | Buchkapitel
Italy: After the Rewards of Growth, the Penalty of Debt
verfasst von : Ruggero Ranieri
Erschienen in: European Economies Since the Second World War
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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At the end of the war, in common with much of Europe, Italy’s economic infrastructure was seriously crippled. Very little of her merchant marine had survived, roads and railways were severely damaged, and the stock of houses, already badly in need of repair before the war, was severely depleted. Output was at a very low level, because of a lack of raw materials, a shortage of dollars and the general disorganization of the country, after a long period of bloody fighting, German and Allied occupation and civil war.