Comments by "Christina" (@MargaritaMagdalena) on "TIKhistory" channel.

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  27.  @nicholascastellano5106  From Thank God They're on Our Side: The United States and Right-Wing Dictatorships, 1921-1965 by David F. Schmitz (University of North Carolina Press, 1999): "American officials first articulated their emerging rationale for supporting right-wing dictatorships in response to the post-World War I events in Italy. American support of Benito Mussolini was based on a view of events in Italy that served American interests. Two ideas were central to this view: that there was a threat of Bolshevism in Italy and that Italy was not prepared for democratic government. This unpreparedness and inability of self-government created the instability that bred Bolshevism. These beliefs served to legitimize U.S. support of Mussolini in the name of defending liberalism. To justify this new perspective, State Department officials reclassified Italy and ignored Mussolini's destruction of a liberal constitutional government. A nation that had been an ally during the war was now treated as if it were an ungovernable developing nation in need of a firm hand to guide it. p. 11 https://books.google.nl/books?id=ck_qCQAAQBAJ&pg=PA11 "The Matteotti Affair had demonstrated how fragile Mussolini's control might prove to be if another major internal crisis occurred in Italy. American leaders urged the Italians to settle the question of Italy's war debt to the United States so private American capital could again be loaned to Italy. Italy received the most favorable debt settlement of any nation, and American private capital was soon flowing into Italy. Republican officials believed that this capital would not only help stabilize the Mussolini government by aiding economic recovery, and therefore provide for increased American trade, but that it would help maintain the moderates in power in provide the United States with a lever to influence events in Italy and to curb any national chauvinism in the fascists' foreign policy. After a year of renewed worry about instability and social revolution in Italy, policymakers hoped to have loans in hand through which they could limit future swings of the Italian political pendulum. By 1930 American firms had loaned Italy over $460 million, while direct investments by American companies had reached over $121 million and portfolio investments accounted for almost $280 million more in American investment." p. 43
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