Economics of fascism policies on the theories of national syndicalism as expounded by the Falange (Spanish for "phalanx"), the Spanish Fascist party founded in 1933 by José Antonio Primo de Rivera, which was one of Franco's chief supporters during his bid for power. During and after the Spanish Civil War, Franco and the Falange created a corporative system based on the Italian model. Economic liberalism was replaced with economic intervention according to the wishes of the corporations, which also set prices and wages. Combined with autarky and in the absence of Marshall Plan aid after the Second World War, Spain's post-war economic growth
Miguel Primo de Rivera established martial law, imposed a strict system of censorship, and ended the "turno" system of alternating parties. Primo de Rivera initially said he would rule for only 90 days, however, he chose to remain in power. Little social reform took place but he attempted to reduce unemployment by spending money on public works. To pay for this, Primo de Rivera introduced higher taxes on the rich. When they complained he chose to change his policies and attempted to raise money by public loans. This caused rapid inflation and—after losing support of the army—he was forced to resign in January 1930.