Istituto per la Ricostruzione Industriale
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High Quality Content by WIKIPEDIA articles! The Istituto per la Ricostruzione Industriale, Institute for Industrial Reconstruction was an organization set up by the Italian fascist government in 1933 to combat the global depression. Its function was to rescue floundering companies which could no longer afford to repay their creditors. Although set up as a temporary measure, the IRI continued to run for as long Mussolini was in power. It was able to reorganise companies so that production was maintained. The main action of the IRI was to buy shares of failing companies from banks. In 1937 the…mehr

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High Quality Content by WIKIPEDIA articles! The Istituto per la Ricostruzione Industriale, Institute for Industrial Reconstruction was an organization set up by the Italian fascist government in 1933 to combat the global depression. Its function was to rescue floundering companies which could no longer afford to repay their creditors. Although set up as a temporary measure, the IRI continued to run for as long Mussolini was in power. It was able to reorganise companies so that production was maintained. The main action of the IRI was to buy shares of failing companies from banks. In 1937 the IRI's powers were extended so that it could nationalise companies, although no effective nationalisation were carried out. By 1939 the IRI controlled 20% of the Italian industry through government-linked companies, including Alfa Romeo, Italsider steel company, integrated to IRI's Finsider's holding; 75% of pig iron production and 90% of the shipbuilding industry