---
title: “History Tells Us That Strict Finance Has Brought Nations to Security”
url: https://propagandaarchive.org/library/mussolini-political-speeches-1923/52-history-tells-us-that-strict-finance-has-brought/
description: “History Tells Us That Strict Finance Has Brought Nations to Security”, from Mussolini as Revealed in His Political Speeches (November 1914 to August…
section: FRAME
---

![Illustration: an interwar radio-and-newsreel intelligence collage with a 1930s map of Europe and propaganda poster proofs.](https://propagandaarchive.org/static/generated/detail/hero-interwar.jpg)

[Library](https://propagandaarchive.org/library/mussolini-political-speeches-1923/) · Book · [Mussolini as Revealed in His Political Speeches (November 1914 to August 1923)](https://propagandaarchive.org/library/mussolini-political-speeches-1923/)

# “History Tells Us That Strict Finance Has Brought Nations to Security”

This text

- **Work:** [Mussolini as Revealed in His Political Speeches (November 1914 to August 1923)](https://propagandaarchive.org/library/mussolini-political-speeches-1923/)
- **Author:** Benito Mussolini
- **Published:** 1923

Full details

- **Rights:** Published in 1923, more than 95 years ago, so in the public domain in the United States (works published in 1930 or earlier); Project Gutenberg marks the ebook public domain in the USA. The translator and editor, Bernardo Quaranta di San Severino, died in 1934 and Mussolini in 1945, so the term of life plus 70 years has also run out in Italy and the United Kingdom. The editor's introduction and prefatory notes are part of the 1923 book and are included.

Chapters

1. The Editor’s Introduction and the Manifesto
2. [Introduction: A Note on Italian Fascismo](https://propagandaarchive.org/library/mussolini-political-speeches-1923/01-introduction-a-note-on-italian-fascismo/)
3. [Manifesto of the Fascista National Party (English Translation)](https://propagandaarchive.org/library/mussolini-political-speeches-1923/02-manifesto-of-the-fascista-national-party-english/)
4. Part I: Mussolini the “Socialist”
5. [“Do Not Think That by Taking Away My Membership Card You Will Take Away My Faith in the Cause”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/03-do-not-think-that-by-taking-away-my-membership-c/)
6. Part II: Mussolini the “Man of the War”
7. [For the Liberty of Humanity and the Future of Italy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/04-for-the-liberty-of-humanity-and-the-future-of-it/)
8. [“Either War or the End of Italy’s Name as a Great Power”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/05-either-war-or-the-end-of-italy-s-name-as-a-great/)
9. [“To the Complete Vanquishing of the Huns”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/06-to-the-complete-vanquishing-of-the-huns/)
10. [“No Turning Back!”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/07-no-turning-back/)
11. [The Fatal Victory](https://propagandaarchive.org/library/mussolini-political-speeches-1923/08-the-fatal-victory/)
12. [“In Honour of the American People”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/09-in-honour-of-the-american-people/)
13. [The League of Nations](https://propagandaarchive.org/library/mussolini-political-speeches-1923/10-the-league-of-nations/)
14. [In Celebration of Victory](https://propagandaarchive.org/library/mussolini-political-speeches-1923/11-in-celebration-of-victory/)
15. Part III: Mussolini the “Fascista Friend of the People”
16. [Workmen’s Rights After the War](https://propagandaarchive.org/library/mussolini-political-speeches-1923/12-workmen-s-rights-after-the-war/)
17. [Sacrifice, Work, and Production](https://propagandaarchive.org/library/mussolini-political-speeches-1923/13-sacrifice-work-and-production/)
18. [“We Are Not Against Labour, but Against the Socialist Party, in as Far as It Remains Anti-Italian”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/14-we-are-not-against-labour-but-against-the-social/)
19. [Fascismo’s Interests for the Working Classes](https://propagandaarchive.org/library/mussolini-political-speeches-1923/15-fascismo-s-interests-for-the-working-classes/)
20. [“My Father Was a Blacksmith and I Have Worked with Him; He Bent Iron, but I Have the Harder Task of Bending Souls”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/16-my-father-was-a-blacksmith-and-i-have-worked-wit/)
21. [Labour to Take the First Place in New Italy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/17-labour-to-take-the-first-place-in-new-italy/)
22. Part IV: Mussolini the “Fascista”
23. [The Three Declarations at the First Fascista Meeting](https://propagandaarchive.org/library/mussolini-political-speeches-1923/18-the-three-declarations-at-the-first-fascista-mee/)
24. [Outline of the Aims and Programme of Fascismo](https://propagandaarchive.org/library/mussolini-political-speeches-1923/19-outline-of-the-aims-and-programme-of-fascismo/)
25. [Fascismo and the Rights of Victory](https://propagandaarchive.org/library/mussolini-political-speeches-1923/20-fascismo-and-the-rights-of-victory/)
26. [The Tasks of Fascismo](https://propagandaarchive.org/library/mussolini-political-speeches-1923/21-the-tasks-of-fascismo/)
27. [Fascismo and the Problems of Foreign Policy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/22-fascismo-and-the-problems-of-foreign-policy/)
28. [How Fascismo Was Created: Its Evolution and Essence](https://propagandaarchive.org/library/mussolini-political-speeches-1923/23-how-fascismo-was-created-its-evolution-and-essen/)
29. [The Italy We Want Within, and Her Foreign Relations](https://propagandaarchive.org/library/mussolini-political-speeches-1923/24-the-italy-we-want-within-and-her-foreign-relatio/)
30. [“The Piave and Vittorio Veneto Mark the Beginning of New Italy”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/25-the-piave-and-vittorio-veneto-mark-the-beginning/)
31. [The Fascista Dawning of New Italy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/26-the-fascista-dawning-of-new-italy/)
32. [“The Moment Has Arrived When the Arrow Must Leave the Bow or the Cord Will Break!”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/27-the-moment-has-arrived-when-the-arrow-must-leave/)
33. Part V: Mussolini the “Fascista Member of Parliament”
34. [Fascismo and the New Provinces](https://propagandaarchive.org/library/mussolini-political-speeches-1923/28-fascismo-and-the-new-provinces/)
35. [The Question of Montenegro’s Independence](https://propagandaarchive.org/library/mussolini-political-speeches-1923/29-the-question-of-montenegro-s-independence/)
36. [D’Annunzio and Fiume](https://propagandaarchive.org/library/mussolini-political-speeches-1923/30-d-annunzio-and-fiume/)
37. [Italy, Sionism, and the English Mandate in Palestine](https://propagandaarchive.org/library/mussolini-political-speeches-1923/31-italy-sionism-and-the-english-mandate-in-palesti/)
38. [The Attitude of Fascismo Towards Communism and Socialism](https://propagandaarchive.org/library/mussolini-political-speeches-1923/32-the-attitude-of-fascismo-towards-communism-and-s/)
39. [The Attitude of Fascismo Towards the Popular Party. The Vatican and Social Democracy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/33-the-attitude-of-fascismo-towards-the-popular-par/)
40. Part VI: Mussolini the “Fascista Prime Minister”
41. [Mussolini the “Fascista Prime Minister”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/34-mussolini-the-fascista-prime-minister/)
42. [A New Cromwell in the Parliament](https://propagandaarchive.org/library/mussolini-political-speeches-1923/35-a-new-cromwell-in-the-parliament/)
43. [The Foreign Policy of the Fascista Government](https://propagandaarchive.org/library/mussolini-political-speeches-1923/36-the-foreign-policy-of-the-fascista-government/)
44. [The Policy of Fascismo for Italy: Economy, Work and Discipline](https://propagandaarchive.org/library/mussolini-political-speeches-1923/37-the-policy-of-fascismo-for-italy-economy-work-an/)
45. [“Conscientious General Diagnosis of the Conditions of the Country and Its Foreign Policy”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/38-conscientious-general-diagnosis-of-the-condition/)
46. [“I Remain the Head of Fascismo, Although the Head of the Italian Government”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/39-i-remain-the-head-of-fascismo-although-the-head/)
47. [“Our Task in History Is to Make a United State of the Italian Nation”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/40-our-task-in-history-is-to-make-a-united-state-of/)
48. [The Advance in the Ruhr District](https://propagandaarchive.org/library/mussolini-political-speeches-1923/41-the-advance-in-the-ruhr-district/)
49. [The Government of Speed](https://propagandaarchive.org/library/mussolini-political-speeches-1923/42-the-government-of-speed/)
50. [The March of Events on the Ruhr the Position of Italy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/43-the-march-of-events-on-the-ruhr-the-position-of/)
51. [The Ruhr, the Conference of Lausanne and the Port of Memel](https://propagandaarchive.org/library/mussolini-political-speeches-1923/44-the-ruhr-the-conference-of-lausanne-and-the-port/)
52. [Ratification of the Washington Treaty of Naval Disarmament](https://propagandaarchive.org/library/mussolini-political-speeches-1923/45-ratification-of-the-washington-treaty-of-naval-d/)
53. [Message from the Hon. Mussolini to the Italians in America Upon the Occasion of the Signing of the Convention for the Laying of Cables Between Italy and the American Continent](https://propagandaarchive.org/library/mussolini-political-speeches-1923/46-message-from-the-hon-mussolini-to-the-italians-i/)
54. [For the Carrying Out of the Treaty of Rapallo](https://propagandaarchive.org/library/mussolini-political-speeches-1923/47-for-the-carrying-out-of-the-treaty-of-rapallo/)
55. [The Agreements of Santa Margherita, Italy and Yugoslavia](https://propagandaarchive.org/library/mussolini-political-speeches-1923/48-the-agreements-of-santa-margherita-italy-and-yug/)
56. [Questions of Foreign Policy Before the Senate. The Ruhr; Fiume; Zara and Dalmatia](https://propagandaarchive.org/library/mussolini-political-speeches-1923/49-questions-of-foreign-policy-before-the-senate-th/)
57. [A Review of European Politics in Their Relation with Italy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/50-a-review-of-european-politics-in-their-relation/)
58. [The Italo-Yugoslav Conference for the Commercial Treaty](https://propagandaarchive.org/library/mussolini-political-speeches-1923/51-the-italo-yugoslav-conference-for-the-commercial/)
59. [“History Tells Us That Strict Finance Has Brought Nations to Security”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/52-history-tells-us-that-strict-finance-has-brought/)
60. [“It Is Not the Economic System of Europe Alone That We Have to Restore to Its Full Efficiency”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/53-it-is-not-the-economic-system-of-europe-alone-th/)
61. [“Only Those Who Profited by the War Grumbled and Still Grumble, Cursed and Still Curse at the War”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/54-only-those-who-profited-by-the-war-grumbled-and/)
62. [“Patriotism Is Not Formed by Mere Words”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/55-patriotism-is-not-formed-by-mere-words/)
63. [Questions of Foreign Policy Before the Cabinet](https://propagandaarchive.org/library/mussolini-political-speeches-1923/56-questions-of-foreign-policy-before-the-cabinet/)
64. [“Mine Is Not a Government Which Deceives the People”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/57-mine-is-not-a-government-which-deceives-the-peop/)
65. [“In Time Past as in Time Present, Woman Had Always a Preponderant Influence in Shaping the Destinies of Humanity”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/58-in-time-past-as-in-time-present-woman-had-always/)
66. [“So Long as These Students and These Universities Exist, the Nation Cannot Perish and Become a Slave, Because Universities Smash Fetters Without Allowing the Forging of New Ones”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/59-so-long-as-these-students-and-these-universities/)
67. [Italy’s Foreign Policy Regarding German Reparations, Hungary, Bulgaria, Austria, Yugoslavia, Turkey, Russia, Poland and Other Countries](https://propagandaarchive.org/library/mussolini-political-speeches-1923/60-italy-s-foreign-policy-regarding-german-reparati/)
68. [“The Internal Policy”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/61-the-internal-policy/)
69. [“As Sardinia Has Been Great in War, So Likewise Will She Be Great in Peace”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/62-as-sardinia-has-been-great-in-war-so-likewise-wi/)
70. [“Men Pass Away, Maybe Governments Too, but Italy Lives and Will Never Die”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/63-men-pass-away-maybe-governments-too-but-italy-li/)
71. [“Fascismo Will Bring a Complete Regeneration to Your Land”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/64-fascismo-will-bring-a-complete-regeneration-to-y/)
72. [“As We Have Regained the Mastery of the Air, We Do Not Want the Sea to Imprison Us”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/65-as-we-have-regained-the-mastery-of-the-air-we-do/)
73. [“I Promise You—And God Is My Witness—That I Shall Continue Now and Always to Be a Humble Servant of Our Adored Italy”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/66-i-promise-you-and-god-is-my-witness-that-i-shall/)
74. [“The Victory of the Piave Was the Deciding Factor of the War”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/67-the-victory-of-the-piave-was-the-deciding-factor/)
75. [The Relations Between Italy and the United States](https://propagandaarchive.org/library/mussolini-political-speeches-1923/68-the-relations-between-italy-and-the-united-state/)
76. [“The Greatness of the Country Will Be Achieved by the New Generations”](https://propagandaarchive.org/library/mussolini-political-speeches-1923/69-the-greatness-of-the-country-will-be-achieved-by/)
77. [The Situation on the Ruhr and Other Questions of Foreign Policy](https://propagandaarchive.org/library/mussolini-political-speeches-1923/70-the-situation-on-the-ruhr-and-other-questions-of/)
78. [The Electoral Reform Bill](https://propagandaarchive.org/library/mussolini-political-speeches-1923/71-the-electoral-reform-bill/)
79. [The Massacre of the Italian Delegation for the Delimitation of the Greco-Albanian Frontier](https://propagandaarchive.org/library/mussolini-political-speeches-1923/72-the-massacre-of-the-italian-delegation-for-the-d/)

[← The Italo-Yugoslav Conference for the Commercial Treaty](https://propagandaarchive.org/library/mussolini-political-speeches-1923/51-the-italo-yugoslav-conference-for-the-commercial/) [“It Is Not the Economic System of Europe Alone That We Have to Restore to Its Full Efficiency” →](https://propagandaarchive.org/library/mussolini-political-speeches-1923/53-it-is-not-the-economic-system-of-europe-alone-th/)

**Content note:** Speeches and an editor's introduction that praise Fascism and its leader, describe violence against Socialists and Communists as necessary, use hostile wartime terms such as "Huns" for Germans, and make nationalist claims to territory. Shown as printed. This object is shown as it was published. [Why](https://propagandaarchive.org/about/#as-it-was)

> Speech delivered at the Ministry of Finance on 7th March 1923, where Mussolini officially handed over to the Minister, Hon. de Stefani, the Budgets of Home and Foreign Affairs, to be revised in accordance with a decision of the Council of Ministers.

Honourable Ministers, Colleagues, Gentlemen,—It might be asked, Why such fuss, why so many soldiers for a ceremony which could be described as purely administrative, such as the consignment of my two Budgets to the Finance Minister? We must answer this question thus: For various motives, some more plausible than others. The solemnity which accompanies this ceremony serves to demonstrate the immense importance the Government attaches to a rapid restoration of financial normality. We have formally promised to make a start towards balancing the State Budget, and with this promise we wish to keep faith at whatever cost. We must be convinced that if the whole falls, the part falls too; and that if the economic life of the nation falls in ruin, all that is in the nation—institutions, men, classes—is destined to suffer the same fate.

And why these soldiers? To show that the Government has strength. I declare that, if possible, I want to govern with the consent of the majority of the people, but whilst waiting for this consent to be formed, to be nourished, to be strengthened, I collect the maximum available force. Because it may happen, by chance, that force may aid in rediscovering consent, and, at any rate, should consent be lacking, force still remains. In all the measures—even the most drastic—the Government takes, we shall put before the people this dilemma: either accept them from a high spirit of patriotism or submit to them. This is how I conceive the State, and how I understand the art of governing the nation.

I am glad to find myself before you—(continued the President, turning to the officials of the Ministry of Finance present at the ceremony)—because the Minister has spoken very favourably to me of the high officials of the Ministry of Finance. He told me that some of you often work up to sixteen hours a day. Well done! Those are long hours, but it is a splendid example. But if they were not sufficient, it would be necessary to work even twenty hours. Only thus, gentlemen, shall we rise up out of the sea of our present difficulties and reach the shore.

We must inculcate in our spirit a sense of absolute discipline. We must consider that the money of the Treasury is sacred above everything else. It does not rain down from Heaven, nor can it even be made with a turn of the printing press, which, if I could, I would like to smash to pieces. It is made out of the sweat, it might be said of the blood, of the Italian people, who work to-day, but who will work more to-morrow. Every *lira*, every *soldo*, every *centesimo* of this money must be considered sacred and should not be spent unless reasons of strict and proved necessity demand it. *The history of peoples tells us that strict finance has brought nations to security.* I feel that each one of you believes in this truth, which is fully proved by history.

With this conviction I bid you farewell. (Applause.)

[← The Italo-Yugoslav Conference for the Commercial Treaty](https://propagandaarchive.org/library/mussolini-political-speeches-1923/51-the-italo-yugoslav-conference-for-the-commercial/) [“It Is Not the Economic System of Europe Alone That We Have to Restore to Its Full Efficiency” →](https://propagandaarchive.org/library/mussolini-political-speeches-1923/53-it-is-not-the-economic-system-of-europe-alone-th/)

Mussolini as Revealed in His Political Speeches (November 1914 to August 1923), Benito Mussolini. Published in 1923, more than 95 years ago, so in the public domain in the United States (works published in 1930 or earlier); Project Gutenberg marks the ebook public domain in the USA. The translator and editor, Bernardo Quaranta di San Severino, died in 1934 and Mussolini in 1945, so the term of life plus 70 years has also run out in Italy and the United Kingdom. The editor's introduction and prefatory notes are part of the 1923 book and are included. [Provenance and rights](https://propagandaarchive.org/library/mussolini-political-speeches-1923/).