In 1864 Minghetti signed the "Convention of September" with France: with this document, Italy renounced in Rome and moved the capital from Turin to Florence. There were many protests against this agreement and consequently Minghetti was forced to resign. During his second experience as President, Minghetti raised taxes to achieve a balanced budget. He was able to accomplish this, but there were protests against his tax policy and was forced to resign for the second time. 