Southern Development Fund (Cassa) established
Labels: Cassa per, Italy South, Infrastructure programItaly created the Cassa per il Mezzogiorno to reduce the long-standing gap between the industrial North and the poorer South. The program financed major infrastructure (such as roads and water systems) and later supported industrial projects. This state-led development effort formed an important backdrop for why many people still chose to move north for work despite new public spending in the South.