Italy has a very weak economy following the First World War. Mussolini, leader of the Fascist Party made it a priority of his reign to improve Italy's economy.
The first graph shows the increase of prices of nearly 500% from World War I and World War II. This severely damaged Italy's economy. Mussolini devised a plan of three "battles" to combat these economic problems. The Battle for the Land was meant to clear marshland to make it suitable for farming. The Battle for Lira was to restore purchasing power in Lira. And Lastly the Battle for Grain was to grow grain at the expense of fruit and vegetables. the second graph shows that production decrease after the first World War but nearly doubled in the years between 1919 and 1937.
Russia's economy had been maimed by the effect of War Communism. Lenin developed a plan to improve the economy called the N.E.P. or the New Economic Policy. It was effective but some socialists believe it went too far with its free market economic style and could have led to the Soviet Union permanently possessing a capitalist economy, which would have destroyed the Socialist priority.
The 1950s marked a high point of Japan's pre-World War II empire. Japan's imperial territory stretched from mainland China to Microasia. The Empire grew larger during World War II, nearly reaching to Australia Japan was defeated in 1945 and was stripped of its military possessions. Japans economy suffered severely because of this.
Germany's economy was a mess when Hitler came to power after World War I. Unemployment peaked at 6 million- 33% of the countries' workers. Policies of Hitler's rule acted as propaganda to make these rates appear lower. When were no longer included in these statistics, Jews loast citizenship and were not counted, and young men were taken out of the unemployment rates. The German government made it appear to the German public that the country was in better shape than it truly was.
ECONOMIES IN POST-WAR EUROPE
The Russian government introduced other policies like War Communism and Tax in Kind in attempts to improve the economy.
By Olivia McHugh, Michelle Frasca, and Annie Sigl