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Introduction
Political difficulties far more challenging
Some of them stemmed from economic challenges
Some were poor decisions
Paragraph 1
Economic problems important
Libyan War 1911 cost 1.3b lire
National debt 15b lire by 1914
870,000 Italians emigrated 1911-14
Paragraph 2
Many aspects of the economy are ok
Industrial production x2 by 1913
Steel production up to 900k tonnes 1913
Real wages increase to 30% 1913
Paragraph 2
Political difficulties not that serious
1913 Election, Liberals win 270/508 seats
Electorate expands to 8.5m in 1912
Giolitti PM 5 times (resilient)
Paragraph 4
Political difficulties outweigh economic problems
Electorate increase by 180%
Socialist vote increase to 23% 1913
Catholics win 200 seats 1913 (Gentinoli Pact)