One of Prime Minister Mussolini's first acts was the 400-million-lira financing of Gio. Ansaldo & C., one of the country's most important engineering companies. Subsequent to the 1926 deflation crisis, banks such as the "Banco di Roma" (Bank of Rome), the "Banco di Napoli" (Bank of Naples) and the "Banco di Sicilia" (Bank of Sicily) also were state-financed. In 1924, a private business enterprise established "Unione Radiofonica Italiana" (URI) as part of the Marconi company, to which the Italian Fascist Government granted official radio-broadcast monopoly. After the defeat of Fascism in 1944, URI became "Radio Audizioni Italiane" (RAI) and was renamed RAI "— Radiotelevisione Italiana" with the advent of television in 1954.