Fascism

Fascism is an economic system where there is free ownership of the materials of production. In a fascist system, the government usually controls the direction and operation of a state's economy. Some economists consider fascism to be state capitalism. Fascism gained popularity in the first half of the twentieth century and was instituted in several nations before World War II.

Benito Mussolini and Adolf Hitler in Munich, Germany.
From Eva Braun's Photo Albums.
National Archives and Records Administration.
Still Picture Branch; College Park, Maryland.