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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.
The council was created to head any business operations in foreign countries as needed. A very prominent figure was Roman Vidal Salvi. Believed to be an important player to the Squadristi, he moved up in ranks within Mussolini's cabinet as an advisor. However, it was short lived as the two were at odds concerning how to integrate with Germany ...
In general, fascist governments exercised control over private property but they did not nationalize it. [7] Scholars also noted that big business developed an increasingly close partnership with the Italian Fascist and German Nazi governments after they took power. Business leaders supported the government's political and military goals.
The state was given the authority as sole arbitrator over capital-labour negotiations, significantly increasing the power of the state. Overall, it placed Prime Minister Benito Mussolini in a far greater position of control over that of the workers within industry, and acted to effectively ban free trade unions.
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 ...
The Mussolini government was the longest-serving government in the history of Italy. The Cabinet administered the country from 31 October 1922 to 25 July 1943, for a total of 7,572 days, or 20 years, 8 months and 25 days.