1907 in Italy


See also:
1906 in Italy,
other events of 1907,
1908 in Italy.
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Events from the year 1907 in Italy.

Kingdom of Italy

In 1907, the Banco di Roma founds a branch in Tripoli and builds significant interests in banking, shipping and agriculture. The bank has powerful connections; the president Ernesto Pacelli is the uncle of the future Pope Pius XII, and the vice-president is Romolo Tittoni, the brother of Tommaso Tittoni, Italy's Prime Minister and Foreign Minister several times between 1903 and 1909. The bank also financed the important newspaper Corriere d'Italia that would campaign for the Italo-Turkish War in 1911.
Emigration out of Italy is expected to reach 1 million, mainly to the United States. Minimum wages in the US are five times higher than in Italy and remittances are an important source of income.

January