Giovanni Giolitti in the context of "Victor Emmanuel III"

Victor Emmanuel III (Italian: Vittorio Emanuele Ferdinando Maria Gennaro di Savoia; 11 November 1869 – 28 December 1947) was King of Italy from 29 July 1900 until his abdication on 9 May 1946. A member of the House of Savoy, he also reigned as Emperor of Ethiopia from 1936 to 1941 and King of the Albanians from 1939 to 1943, following the Italian invasions of Ethiopia and Albania. During his reign of nearly 46 years, which began after the assassination of his father Umberto I, the Kingdom of Italy became involved in two world wars. His reign also encompassed the birth, rise, and fall of the Fascist regime.

The first fourteen years of Victor Emmanuel's reign were dominated by prime minister Giovanni Giolitti, who focused on industrialization and passed several democratic reforms, such as the introduction of universal male suffrage. In foreign policy, Giolitti's Italy distanced itself from the fellow members of the Triple Alliance (the German Empire and Austria-Hungary) and colonized Libya following the Italo-Turkish War. Giolitti was succeeded by Antonio Salandra, Paolo Boselli, and Vittorio Emanuele Orlando. The First World War brought about Italian victory over the Habsburg Empire and the annexation of the Italian-speaking provinces of Trento and Trieste, completing the national unity of Italy, and the southern part of German-speaking Tyrol (South Tyrol). For this reason, Victor Emmanuel was labelled the "King of Victory". However, a part of Italian nationalists protested against the partial violation of the 1915 Treaty of London and what they defined as a "mutilated victory", demanding the annexation of Croatian-speaking territories in Dalmatia and temporarily occupying the town of Fiume without royal assent.

The Italian Socialist Party (Italian: Partito Socialista Italiano, PSI) was a social democratic and democratic socialist political party in Italy, whose history stretched for longer than a century, making it one of the longest-living parties of the country. Founded in Genoa in 1892, the PSI was from the beginning a big tent of Italy's political left and socialism, ranging from the revolutionary socialism of Andrea Costa to the Marxist-inspired reformist socialism of Filippo Turati and the anarchism of Anna Kuliscioff. Under Turati's leadership, the party was a frequent ally of the Italian Republican Party and the Italian Radical Party at the parliamentary level, while lately entering in dialogue with the remnants of the Historical Left and the Liberal Union during Giovanni Giolitti's governments to ensure representation for the labour movement and the working class. In the 1900s and 1910s, the PSI achieved significant electoral success, becoming Italy's first party in 1919 and during the country's Biennio Rosso in 1921, when it was victim of violent paramilitary activities from the far right, and was not able to move the country in the revolutionary direction it wanted.

A split with what became known as the Communist Party of Italy and the rise to power of former party member and Italian fascist leader Benito Mussolini, who was expelled from the party, class struggle and internationalism in favour of corporatism and ultranationalism, and his National Fascist Party led to the PSI's collapse in the controversial 1924 Italian general election and eventual ban in 1925. This led the party and its remaining leaders to the underground or in exile. The PSI dominated the Italian left until after World War II, when it was eclipsed in status by the Italian Communist Party (PCI). The two parties formed an alliance lasting until 1956 and governed together at the local level, particularly in some big cities and the so-called red regions until the 1990s. The PSI suffered the right-wing split of the Italian Democratic Socialist Party, whose members opposed the alliance with the PCI and favoured joining the Centrism coalition, in 1947 and the left-wing split of the Italian Socialist Party of Proletarian Unity, whose members wanted to continue the cooperation with the PCI, in 1964. Starting from the 1960s, the PSI frequently participated in coalition governments led by Christian Democracy, from the Organic centre-left to the Pentapartito in the 1980s.

The Italian Liberal Party (Italian: Partito Liberale Italiano, PLI) was a liberal political party in Italy.

The PLI, which was heir to the liberal currents of both the Historical Right and the Historical Left, was a minor party after World War II, but also a frequent junior party in government, especially after 1979. It originally represented the right-wing of the Italian liberal movement, while the Italian Republican Party the left-wing. The PLI disintegrated in 1994 following the fallout of the Tangentopoli corruption scandal and was succeeded by several minor parties. The party's most influential leaders were Giovanni Giolitti, Benedetto Croce and Giovanni Malagodi.

Corriere della Sera (Italian: [korˈrjɛːre della ˈseːra]; lit. 'Evening Courier') is an Italian daily newspaper published in Milan with an average circulation of 246,278 copies in May 2023. First published on 5 March 1876, Corriere della Sera is one of Italy's oldest newspapers and is Italy's most read newspaper. Its masthead has remained unchanged since its first edition in 1876. It reached a circulation of over 1 million under editor and co-owner Luigi Albertini between 1900 and 1925. He was a strong opponent of socialism, clericalism, and Giovanni Giolitti, who was willing to compromise with those forces during his time as prime minister of Italy. Albertini's opposition to the Italian fascist regime forced the other co-owners to oust him in 1925.

A representative of the moderate bourgeoisie, Corriere della Sera has always been generally considered centre-right-leaning, hosting in its columns liberal and democratic Catholic views. In the 21st century, its main competitors are Rome's la Repubblica and Turin's La Stampa. Until the late 1970s and early 1980s, when the country underwent a nationalization process, Corriere della Sera and La Stampa were not real national daily newspapers, as their geographical area of circulation was mostly limited to Lombardy for Corriere della Sera and Piedmont for La Stampa; thus, both papers shared a readership that was linked to its place of residence and its social class, mostly from the industrialist class and financial circles. Corriere della Sera is considered the Italian national newspaper of record. Corriere della Sera is the "major daily" and one of the main national newspapers in Italy, alongside la Repubblica, La Stampa, Il Sole 24 Ore, and Il Messaggero.

The Liberals (Italian: Liberali), also known as Liberal Party (Italian: Partito Liberale, PL) or Giolittian Liberals (Italian: Liberali Giolittiani) from the name of their leader, was a political alliance formed in the first years of the 20th century by the Italian Prime Minister and leader of the Historical Left Giovanni Giolitti. The alliance was formed when the Left and the Right merged in a single centrist and liberal coalition which largely dominated the Italian Parliament.