The March on Rome (Marcia su Roma) was an organized mass demonstration and a coup d'état in October 1922 which resulted in Benito Mussolini's National Fascist Party (PNF) ascending to power in the Kingdom of Italy. In late October 1922, Fascist Party leaders planned an insurrection to take place by marching on the capital. On 28 October, the fascist demonstrators and Blackshirt paramilitaries approached Rome; Prime Minister Luigi Facta wished to declare a state of siege, but this was overruled by King Victor Emmanuel III, who, fearing bloodshed, persuaded Facta to resign by threatening to abdicate. On 30 October 1922, the King appointed Mussolini as Prime Minister, thereby transferring political power to the fascists without armed conflict. On 31 October the fascist Blackshirts paraded in Rome, while Mussolini formed his coalition government. In March 1919, Benito Mussolini founded the first Italian Fasces of Combat (FIC) at the beginning of the so-called Red Biennium, a two-year long social conflict between the Italian Socialist Party (PSI) and the liberal and conservative ruling class. Mussolini suffered a defeat in the election of November 1919. During the "two red years", there were numerous strikes, protests against rises in the cost of living, occupations of factories and land by industrial workers or agricultural laborers, and other types of clashes between socialists on one side and landowners and business owners on the other side. The government tried to play the role of neutral mediator, which dissatisfied both sides. Local elites felt themselves vulnerable and began to establish an alliance with the small Fascist movement, which contained many veterans of World War I and had a reputation for violence, in the hope of using Fascist paramilitary squads to destroy socialist organizations. Since 1919, Fascist militias, known as squadristi or "Blackshirts" due to their uniforms, had been attacking socialist politicians and militants.