:''Main article: '''[[New Deal]]'''''
Italian Premier [[Benito Mussolini]] was convinced that the [[New Deal]] was copying Fascist economic policies.<ref>Stanley G. Payne, ''[http://books.google.com/books?id=NLiFIEdI1V4C A History of Fascism, 1914-1945]’’ (University of Wisconsin Press, 1996) ISBN 0299148742, p. 230</ref> Nazi Minister of Economics [[Hjalmar Schacht]] declared that President [[Franklin Roosevelt]] had the same economic idea as [[Hitler]] and Mussolini;<ref> William E. Leuchtenburg, ‘’[http://ia311511.us.archive.org/3/items/franklindrooseve006302mbp/franklindrooseve006302mbp.pdf Franklin D. Roosevelt and the New Deal]’’ (Harper & Row, 1963), p. 203</ref> the official Nazi Party organ, ''Völkischer Beobachter'', applauded “Roosevelt’s adoption of [[National Socialist]] strains of thought in his economic and social policies.”<ref> Wolfgang Schivelbusch, ‘’[http://books.google.com/books?id=Z3GV5_n1h04C Three New Deals: Reflections on Roosevelt's America, Mussolini's Italy, and Hitler's Germany, 1933-1939]’’ (Macmillan, 2006) ISBN 080507452X, p. 19</ref> Hitler expressed admiration for FDR’s approach, saying, “I have <ref>[http://select.nytimes.com/gst/abstract.html?res=F20716F839591A728DDDA90994DF405B838FF1D3],</ref> sympathy with President Roosevelt because he marches straight toward his objective over Congress, over lobbies, over stubborn bureaucracies.” FDR's Secretary of the Interior [[Harold L. Ickes|Harold Ickes]] conceded that “what we were doing in this country were some of the things that were being done in Russia and even some of the things that were being <ref>[http://www.claremont.org/publications/crb/id.1502/article_detail.asp done under Hitler]</ref> in Germany. But we were doing them in an orderly way.”
The Italian Fascist Party program, first promulgated in 1919, demanded “Suppression of incorporated joint-stock companies, industrial or financial. Suppression of all speculation by banks and stock exchanges,” and “Control and taxation of private wealth. Confiscation of unproductive income.”<ref> Count Carlo Sforza,’’[http://books.google.com/books?id=5a0EHPh-X-YC Contemporary Italy - Its Intellectual and Moral Origins] (Read Books, 2007) ISBN 1406760307), pp. 295-296</ref> The Fascists called this economic system ''corporativismo'' (corporativism). As UCLA international relations and political science professor Herbert Steiner observed in 1938, “So substantial are the limitations under which private property and capital are exercised in Italy, that the conception of ‘capitalism’ is avowedly destroyed and replaced by ''corporativismo''.”<ref> H. Arthur Steiner, ‘’[http://books.google.com/books?id=1LqtuYl43dwC Government in Fascist Italy]’’ (McGraw-Hill Book Company, Inc., 1938), p. 92</ref>