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 critics blamed rising inflation on the government's spending for public works projects. Although no one recognized it at the time, the final months of the year brought the international economic slump which turned into the Great Depression of the 1930s. When Primo de Rivera lost the support of the king and the armed forces, his dictatorship was doomed. The Spanish military had never unanimously backed his seizure of power, although it had tolerated his rule. But when Primo de Rivera began to inject politics into promotions for the artillery corps, it provoked hostility and opposition. Troubled by the regime's failure