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On March 23, 1919 Benito Mussolini founded the Fasci di combattimento at a rally held at the piazza. Participants of this rally were known as sansepolcristi, and were granted special privileges under the regime. The square was adjacent to the Palazzo Castani, the national headquarters of the Partito Nazional Fascista from 1921 to 1924, and of the Partito Fascista Repubblicano from 1943 to 1945.
The term Sansepolcrismo, however, pointed to the original spirit of the movement of Fasci di combattimento in which, alongside nationalist ideas and combative myths, there were strong instances of social palingenesis, egalitarianism and even republican components.
- " Spetta la qualifica di "Sansepolcrista" al Fascista che il 23 marzo 1919 abbia effettivamente partecipato all'adunata di Piazza San Sepolcro e sia in possesso del relativo brevetto rilasciato dal DUCE" Art.13 del Regolamento del P.N.F., 1939-XVII
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