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Benito Mussolini came to power in 1922 under a parliamentary coalition until the National Fascist Party seized control and ushered in a one-party dictatorship by early 1925. The growth in Mussolini’s popularity to the extent of becoming a national leader was gradual as would be expected for a leader of any fascist movement. [2]
Many business and financial leaders believed it would be possible to manipulate Mussolini, whose early speeches and policies emphasized free market and laissez faire economics. [26] This proved overly optimistic, as the Great Depression struck Italy along with the rest of the world in 1929, and Mussolini responded to it by increasing the role ...
"State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management." [4] Article 13: "The duty of employment is under control of the corporate organs.
Cartels and quasi-cartels (whether of big business or small) set prices, engaged in limiting production, and agreed to divide markets and classify consumers in order to realize a monopoly profit. [136] In the same book, Schweitzer details the triangular power structure that existed between the Nazi Party, big business and the generals in 1936.
Government control of business was part of Mussolini's policy planning. By 1935, he claimed that three-quarters of Italian businesses were under state control. Later that year, Mussolini issued several edicts to further control the economy, e.g. forcing banks, businesses, and private citizens to surrender all foreign-issued stock and bond ...
These industries later provided the basis for an expanded rearmament industry and so supported the 'active' foreign policy, which became the chief characteristic of the fascist state. Tariffs on undesirable imports such as consumer goods and foodstuffs kept their high price and restricted demand, protecting Mussolini's Battle for Grain policy
To depose the weak parliamentary democracy, Deputy Mussolini (with military, business and liberal right-wing support) launched the PNF March on Rome (27–31 October 1922) coup d'état to oust Prime Minister Luigi Facta and assume the government of Italy to restore nationalist pride, restart the economy, increase productivity with labor ...
Fascist Italy (Italian: Italia Fascista) is a term which is used in historiography to describe the Kingdom of Italy when it was governed by the National Fascist Party from 1922 to 1943 with Benito Mussolini as prime minister and dictator.