Einaudi, Luigi

Luigi Numa Lorenzo Einaudi

b. 24 Mar 1874, Carrù, Cuneo [1]
d. 30 Oct 1961, Rome

Title: Presidente della Repubblica (President of the Republic)
Term: 12 May 1948 - 11 May 1955
Chronology: 11 May 1948, elected, joint session of the Parliament (Parlamento), Palazzo Montecitorio, Rome [2]
12 May 1948, took the oath prescribed by law, joint session of the Parliament, Palazzo Montecitorio, Rome [3]
11 May 1955, expiration of term
Biography:
Graduated from the University of Turin (1895); after being engaged by the Saving Bank of Turin, he dismissed quite soon for teaching to secondary schools, among which the Royal Technical Institute "G. Sommeiller" of Turin; received qualification for teaching political economy at the University of Turin (1898); appointed professor of financial science and financial law, at Pisa and then at Turin universities (1902), and in 1904 at the Bocconi University in Milan; in 1903 he began writing for Corriere della Sera; appointed a Senator of the Realm (1919); after the accession of Benito Mussolini he remained faithful to his liberal ideas; participated in the Aventine opposition to fascism (1924-1925); gave up his post at the university (1926); editor of Rivista di storia economica (1936–1943); appointed rector of the Turin University (1943); fled to Switzerland (1943); upon returning to Italy (1944), he was appointed governor of the Bank of Italy (1945-1948); nominated a member of Consulta Nazionale (1945-1946); elected a member of the Constituent Assembly (1946-1948) as a representative of the National Democratic Union (Unione Democratica Nazionale); entered the fourth ministry of Alcide De Gasperi, holding the offices of vice president and minister of the budget (1947-1948); succeeded in economic reforms, curbed inflation and stabilized the currency; elected President of the Republic (1948-1955); lost reelection to Giovanni Gronchi (1955); served as a life member of the Senato (1955-1961).
Biographical sources: "Vita di Luigi Einaudi", by Anselmo Bernardino (Padova: CEDAM, 1954)
Elections:

Candidate 1st ballot 2nd ballot 3rd ballot 4th ballot
  10 May 1948 10 May 1948 11 May 1948 11 May 1948
voters present 868 867 863 872
abstained 15 9 15 1
voted 853 858 848 871
majority * 600 600 600 451
Enrico De Nicola 396 336 13 -
Carlo Sforza 353 405 9 -
Luigi Einaudi 20 16 462 518
Ivanoe Bonomi 10 1 4 -
Cipriano Facchinetti 10 3 3 -
Alessandro Casati 5 5 3 -
Gaetano Pieraccini - 49 - -
Vittorio Emanuele Orlando - - 7 320
scattered 2 - 6 4
blank 56 40 333 29
invalid 1 3 8 -
* Art. 83 (3) of the Constitution of 1947 requires a two-thirds majority of all the members of the chambers for election in the first three ballots, and a simple majority of all the members for all subsequent ballots.
Source of electoral results: Camera dei Deputati - Senato della Repubblica, Discussioni, Seduta Comune di Lunedì 10 Maggio 1948, pp. 1-7; Camera dei Deputati - Senato della Repubblica, Discussioni, Seduta Comune di Martedì 11 Maggio 1948, pp. 9-16.

[1] "Vita di Luigi Einaudi", op. cit., p. 14: "A Carrù ebbe i natali il 24 marzo 1874, Luigi Einaudi (*)..." {Footnote} * Per chi abbia vaghezza di saperlo posso soggiungere che nacque all' una pomeridiana e gli furono imposti i nomi di Luigi, Numa e Lorenzo. L'atto di nascita è steso alla pag. 10 del registro ed ha il numero 26."
[2] Camera dei Deputati - Senato della Repubblica, Discussioni, Seduta Comune di Martedì 11 Maggio 1948, pp. 9-16.
[3] Camera dei Deputati - Senato della Repubblica, Discussioni, Seduta Comune della Camera dei Deputati e del Senato della Repubblica Mercoledì 12 Maggio 1948, pp. 17-18.
Last updated on: 26 Jun 2009 03:41:18