“Rome wasn’t built in a day”: lobbies, institutions, and speculation in the 1880s building fever

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During the 1880s, a massive speculative boom occurred in the Roman real estate market. Its subsequent crash left a lasting mark on the structure of the city and triggered a nationwide banking crisis. This article analyses the causes of this boom and bust by showing how a small but cohesive lobby managed to bypass and bend to its own advantage formal regulation by exploiting institutional conflicts and political divisions at both national and local level.


Original languageEnglish
Pages (from-to)471-489
Number of pages19
JournalUrban History
Issue number3
Publication statusPublished - 2012