Search results
Results from the WOW.Com Content Network
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]
"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 Fascist regime led by Benito Mussolini, fearing a credit crunch with subsequent mass dismissals and a wave of social unrest, started to take over the banks' stakes in large industrial companies (such as steel, weapons and chemicals). At the same time, Mussolini tried to inject capital into failing businesses (Though restructured later).
In 1934, Mussolini boasted that three-quarters of Italian businesses "is in the hands of the state". [85] [86] Various banking and industrial companies were financially supported by the state. One of Mussolini's first acts was indeed to fund the metallurgical trust Ansaldo to the height of 400 million Liras.
De Felice argued that Mussolini was a revolutionary modernizer in domestic issues, but a pragmatist in foreign policy who continued the Realpolitik policies of liberal Italy (1861–1922). [143] In the 1990s, a cultural turn began with studies that examined the issue of popular reception and acceptance of Fascism using the perspectives of ...
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.