On 
11 July 1899, 
Giovanni Agnelli was part of the group of founding members of FIAT, 
Fabbrica Italiana di Automobili Torino. The first Fiat plant opened in 
1900 with 35 staff making 24 cars. Known from the beginning for the talent and creativity of its engineering staff, by 
1903 Fiat made a small profit and produced 135 cars; this grew to 1,149 cars by 1906. The company then went public selling shares via the 
Milan stock exchange.
Agnelli led the company until his death in 1945, while 
Vittorio Valletta administered the firm's daily activities. Its first car, the 
3 ½ CV (of which only 24 copies were built, all bodied by 
Alessio of Turin) was based on a design purchased from 
Ceirano GB & C and had a 697 cc (42.5 cu in) boxer twin engine. In 
1903, Fiat produced its first truck. In 
1908, the first Fiat was exported to the US. That same year, the first Fiat aircraft engine was produced. Also around the same time, Fiat taxis became popular in Europe.
By 
1910, Fiat was the largest automotive company in 
Italy. That same year, a new plant was built in 
Poughkeepsie, 
NY, by the newly founded American F.I.A.T. Automobile Company. Owning a Fiat at that time was a sign of distinction. The cost of a Fiat in the US was initially $4,000 and rose up to $6,400 in 1918, compared to $825 for a 
Ford Model T in 1908, and $525 in 1918, respectively. During 
World War I, Fiat had to devote all of its factories to supplying 
the Allies with aircraft, engines, machine guns, trucks, and ambulances. Upon the entry of the 
US into the war in 
1917, the factory was shut down as US regulations became too burdensome (the site was eventually sold to 
Western Publishing). After the war, Fiat introduced its first 
tractor, the 702. By the 
early 1920s, Fiat had a market share in Italy of 80%.
In 
1921, workers seized Fiat's plants and hoisted the red flag of communism over them. Agnelli responded by quitting the company. However, the 
Italian Socialist Party and its ally organization, the 
Italian General Confederation of Labour, in an effort to effect a compromise with the centrist parties ordered the occupation ended. In 
1922, Fiat began to build the famous 
Lingotto car factory—then the largest in Europe—which opened in 
1923. It was the first Fiat factory to use assembly lines; by 
1925, Fiat controlled 87% of the Italian car market. In 
1928, with the 
509, Fiat included insurance in the purchase price.
Fiat made 
military machinery and vehicles during WW2 for the 
Army and 
Regia Aeronautica and later for the Germans. Fiat made obsolete 
fighter aircraft like the biplane 
CR.42 Falco, which was one of the most common Italian aircraft, along with 
Savoia-Marchettis, as well as 
light tanks (obsolete compared to their German and Soviet counterparts) and 
armored vehicles. The best Fiat aircraft was the 
G.55 fighter, which arrived too late and in too limited numbers. In 
1945, the year 
Benito Mussolini was overthrown, the 
National Liberation Committee removed the 
Agnelli family from leadership roles in Fiat because of its ties to 
Mussolini's government. They were not returned until 
1963, when Giovanni's grandson, 
Gianni, took over as general manager until 
1966, as chairman until 
1996.
Benito Amilcare Andrea Mussolini (29 July 1883 – 28 April 1945) was an Italian politician and 
journalist who founded and led the 
National Fascist Party. He was 
Prime Minister of Italy from the 
March on Rome in 
1922 until 
his deposition in 1943, and "
Duce" of 
Italian Fascism from the establishment of the 
Italian Fasces of Combat in 1919 until 
his execution in 1945 by 
Italian partisans. As 
dictator of Italy and founder of 
fascism, Mussolini inspired and supported the 
international spread of fascist movements during the 
inter-war period.
The 
National Fascist Party (
Partito Nazionale Fascista, PNF) was an Italian 
political party, created by 
Benito Mussolini as the political expression of 
Italian Fascism and as a reorganization of the previous 
Italian Fasces of Combat. The party 
ruled the 
Kingdom of Italy from 
1922 when Fascists took power with the 
March on Rome until the 
fall of the Fascist regime in 
1943, when Mussolini was deposed by the 
Grand Council of Fascism. It was succeeded, in the territories under the control of the 
Italian Social Republic, by the 
Republican Fascist Party, ultimately dissolved at the end of 
WW2.
The National Fascist Party was rooted in 
Italian nationalism and the desire to restore and expand 
Italian territories, which Italian Fascists deemed necessary for a nation to assert its superiority and strength and to avoid succumbing to decay. Italian Fascists claimed that modern Italy was the heir to 
ancient Rome and its legacy and historically supported the creation of an 
Italian Empire to provide 
spazio vitale ("living space") for 
colonization by Italian settlers and to establish control over the 
Mediterranean Sea.
Fascists promoted a 
corporatist economic system whereby employer and employee 
syndicates are linked together in associations to collectively represent the nation's economic producers and work alongside the state to set national economic policy. This economic system intended to resolve 
class conflict through 
collaboration between the classes.
Italian Fascism opposed 
liberalism, but did not seek a 
reactionary restoration of the pre-
French Revolutionary world, which it considered to have been flawed, and not in line with a forward-looking direction on policy. It was opposed to 
Marxist socialism because of its typical opposition to nationalism, but was also opposed to the 
reactionary conservatism developed by 
Joseph de Maistre. It believed the success of Italian nationalism required respect for tradition and a clear sense of a shared past among the Italian people alongside a commitment to a modernized Italy, as well as a solid belief that Italy was destined to become the 
hegemonic power in Europe.
The National Fascist Party along with its successor, the 
Republican Fascist Party, are the only parties whose re-formation is 
banned by the 
Constitution of Italy: "It shall be forbidden to reorganize, under any form whatsoever, the dissolved fascist party."
In Italian, the word 
fascio (plural 
fasci) means literally “bundle,” and figuratively “group.” From at least 
1872 fascio was used in the names of 
labor and agrarian unions, and in 
October 1914 a political coalition was formed called the 
Fascio rivoluzionario d’ azione internazionalista (“revolutionary group for international action”), which advocated Italian participation in World War I on the side of the Allies. Members of this group were first called 
fascisti in 
January 1915. 
The words 
fascism and 
fascist have long been associated with the 
Fascisti of Benito Mussolini and the 
fasces, the bundle of rods with an ax among them, which the 
Fascisti used as a symbol of the Italian people united and obedient to the single authority of the state. However, Mussolini did 
not introduce the word 
fascista (plural 
fascisti) in association with the 1919 organization of the 
Fasci di combattimento (“combat groups”), nor did the fasces have any direct connection with the origin of the word 
fascista, which was already in political circulation in 1919. Although Mussolini was closely associated with this interventionist movement, it had no direct link with the post-war 
Fasci di combattimento. It is, however, to the 
Fascisti in their 
1919 incarnation—who 
seized power in Italy three years later—that we owe the current customary meanings of our words 
fascism and 
fascist.