Every sector of the Italian economy decreases by 1913. However, some noticeable sectors, such as iron and steel, reduce from high annual growth of 13.8% between 1896 and 1908 to 5.0% between 1908 and 1913. Another notable drop occurred in the engineering sector, from 12.2% to 2% within the same period. Italy experienced a 7.1 magnitude earthquake, Messina, in 1908, devastating the country’s southern parts. It was the most devastating earthquake in Europe’s history and resulted in about 200,000 fatalities. The earthquake diminished Italy’s economy as the government dealt with its effects.
Which sectors of the Italian economy decreased? Why do you think this is the case?
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Academic.Tips. (2023) 'Which sectors of the Italian economy decreased? Why do you think this is the case'. 15 March.
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Academic.Tips. (2023, March 15). Which sectors of the Italian economy decreased? Why do you think this is the case? https://academic.tips/question/which-sectors-of-the-italian-economy-decreased-why-do-you-think-this-is-the-case/
References
Academic.Tips. 2023. "Which sectors of the Italian economy decreased? Why do you think this is the case?" March 15, 2023. https://academic.tips/question/which-sectors-of-the-italian-economy-decreased-why-do-you-think-this-is-the-case/.
1. Academic.Tips. "Which sectors of the Italian economy decreased? Why do you think this is the case?" March 15, 2023. https://academic.tips/question/which-sectors-of-the-italian-economy-decreased-why-do-you-think-this-is-the-case/.
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Academic.Tips. "Which sectors of the Italian economy decreased? Why do you think this is the case?" March 15, 2023. https://academic.tips/question/which-sectors-of-the-italian-economy-decreased-why-do-you-think-this-is-the-case/.
Work Cited
"Which sectors of the Italian economy decreased? Why do you think this is the case?" Academic.Tips, 15 Mar. 2023, academic.tips/question/which-sectors-of-the-italian-economy-decreased-why-do-you-think-this-is-the-case/.