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Main article: Economy of Italy under Fascism, 1922-1943
Mussolini launched several public construction programs and government initiatives throughout Italy to combat economic setbacks or unemployment levels. His earliest, and one of the best known, was Italy's equivalent of the Green Revolution, known as the "Battle for Grain", by which 5,000 new farms were established and five new agricultural towns (among them Littoria andSabaudia) on land reclaimed by draining the Pontine Marshes. In Sardinia, a model agricultural town was founded and named Mussolinia, but has long since been renamed Arborea. This town was the first of what Mussolini hoped would have been thousands of new agricultural settlements across the country. This plan diverted valuable resources to grain production, away from other less economically viable crops. The huge tariffs associated with the project promoted widespread inefficiencies, and the government subsidies given to farmers pushed the country further into debt. Mussolini also initiated the "Battle for Land", a policy based on land reclamation outlined in 1928. The initiative had a mixed success; while projects such as the draining of the Pontine Marsh in 1935 for agriculture were good for propaganda purposes, provided work for the unemployed and allowed for great land owners to control subsidies, other areas in the Battle for Land were not very successful. This program was inconsistent with the Battle for Grain (small plots of land were inappropriately allocated for large-scale wheat production), and the Pontine Marsh was lost during World War II. Fewer than 10,000peasants resettled on the redistributed land, and peasant poverty remained high. The Battle for Land initiative was abandoned in 1940.
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He also combated an economic recession by introducing the "Gold for the Fatherland" initiative, by encouraging the public to voluntarily donate gold jewellery such as necklaces and wedding rings to government officials in exchange for steel wristbands bearing the words "Gold for the Fatherland". EvenRachele Mussolini donated her own wedding ring. The collected gold was then melted down and turned into gold bars, which were then distributed to the national banks.
Mussolini pushed for government control of business: by 1935, Mussolini claimed that three quarters of Italian businesses were under state control. That same year, he issued several edicts to further control the economy, including forcing all banks, businesses, and private citizens to give up all their foreign-issued stocks and bonds to the Bank of Italy. In 1938, he also instituted wage and price controls.[65][citation needed] He also attempted to turn Italy into a self-sufficient autarky, instituting high barriers on trade with most countries except Germany.
In 1943 he proposed the theory of economic socialization.
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