Venizelos and Economic Policy
Venizelos and Economic Policy
This chapter discusses Venizelos' economic policies. Venizelos' first four-year term (1910–14) in power is distinguished by the dynamism and the strong will of a leader, whose personality was still pristine, and of the new political personnel who surrounded him. The heralded ‘recovery’ had a dual content: economic development — ‘our policy for the development of agriculture and wealth in general’, as he himself characterised it — and social justice: on this issue, with obvious political aim, Venizelos concurrently gave shape to the diffuse social protest which had been manifested in many ways in the conjuncture of the military mutiny of 1909, which had also brought him to power. The 1917–20 period, which corresponds to the stepping-up of the war effort, represents a critical turning point. The liberal management was abolished de facto, albeit provisionally. State control of the economy expanded significantly, new views on the Greek economy began to take shape, while attitudes to social protest hardened decisively.
Keywords: Eleftherios Venizelos, economic policy, Greek economy, state control
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