Wall Street and FDR : the true story of how Franklin D. Roosevelt colluded with corporate America / Antony C. Sutton.

Format:

Book

Author/Creator:

Sutton, Antony C., author.

Language:

English

Subjects (All):

Roosevelt, Franklin D. (Franklin Delano), 1882-1945.

Roosevelt, Franklin D.

United States--Politics and government--1933-1945.

United States.

Politics and government.

United States--Economic policy--1933-1945.

Economic policy.

Political science.

Physical Description:

200 pages : illustrations ; 24 cm

Place of Publication:

Forest Row : Clairview Books, 2013.

Summary:

Franklin D. Roosevelt is frequently described as one of the greatest presidents in American history, remembered for his leadership during the Great Depression and Second World War. Antony Sutton challenges this received wisdom, presenting a controversial but convincing analysis. Based on an extensive study of original documents, he concludes that: FDR was an elitist who influenced public policy in order to benefit special interests, including his own. FDR and his Wall Street colleagues were 'corporate socialists', who believed in making society work for their own benefit. FDR believed in business but not free market economics. Sutton describes the genesis of 'corporate socialism' - acquiring monopolies by means of political influence - which he characterises as 'making society work for the few'. He traces the historical links of the Delano and Roosevelt families to Wall Street, as well as FDR's own political networks developed during his early career as a financial speculator and bond dealer. The New Deal almost destroyed free enterprise in America, but didn't adversely affect FDR's circle of old friends ensconced in select financial institutions and federal regulatory agencies. Together with their corporate allies, this elite group profited from the decrees and programmes generated by their old pal in the White House, whilst thousands of small businesses suffered and millions were unemployed. Wall Street and FDR is much more than a fascinating historical and political study. Many contemporary parallels can be drawn to Sutton's powerful presentation given the recent banking crises and worldwide governments' bolstering of private institutions via the public purse. This classic study - first published in 1975 as the conclusion of a key trilogy - is reproduced here in its original form. Book jacket.

Contents:

Part I Franklin Delano Roosevelt on Wall Street

Chapter 1 Roosevelts and Delanos 13

The Delano Family and Wall Street 19

The Roosevelt Family and Wall Street 22

Chapter 2 Politics in the Bonding Business 27

Politicians as Bond Writers 28

Political Influence and Contract Awards 31

The Pay-Off for Fidelity & Deposit Company 35

Chapter 3 FDR: International Speculator 37

The German Hyperinflation of 1922-23 38

The Background of William Schall 40

United European Investors, Ltd 42

Investigation of United European Investors, Ltd 45

Chancellor Wilhelm Cuno and Hapag 48

The International Germanic Trust Company 49

Chapter 4 FDR: Corporate Promoter 52

American Investigation Corporation 53

Politics, Patents, and Landing Rights 57

FDR in the Vending Machine Business 63

Georgia Warm Springs Foundation 64

Part II The Genesis of Corporate Socialism

Chapter 5 Making Society Work for the Few 71

The Origins of Corporate Socialism 72

Making Society Work for the Few 73

The Corporate Socialists Argue Their Case 75

Chapter 6 Prelude to the New Deal 84

Assemblyman Clinton Roosevelt's NRA-1841 85

Bernard Baruch's Wartime Dictatorship 88

Paul Warburg and Creation of the Federal Reserve System 92

The International Acceptance Bank, Inc 95

Chapter 7 Roosevelt, Hoover, and the Trade Councils 99

A Medieval New Deal 99

The American Construction Council 101

Chapter 8 Wall Street Buys the New Deal 106

Bernard Baruch's Influence on FDR 108

Wall Street Finances the 1928 Presidential Election 110

Herbert Hoover's Election Funds 114

Wall Street Backs FDR For Governor of New York 116

Wall Street Elects FDR in 1932 118

Part III FDR and the Corporate Socialists

Chapter 9 The Swope Plan 125

The Swope Family 126

Socialist Planners of the 1930s 129

Socialists Greet the Swope Plan 133

The Three Musketeers of NRA 134

The Oppression of Small Business 135

Chapter 10 FDR: Man on the White Horse 143

Grayson M-P. Murphy Company, 52 Broadway 144

Jackson Martindell, 14 Wall Street 149

Gerald C. MacGuire's Testimony 150

Suppression of Wall Street Involvement 153

An Assessment of the Butler Affair 159

Chapter 11 The Corporate Socialists at 120 Broadway 161

The Bolshevik Revolution and 120 Broadway 162

The Federal Reserve Bank of New York and 120 Broadway 162

American International Corporation and 120 Broadway 164

The Butler Affair and 120 Broadway 166

Franklin D. Roosevelt and 120 Broadway 167

Conclusions About 120 Broadway 169

Chapter 12 FDR and the Corporate Socialists 170.

Notes:

First published in 1975 by Arlington House, New York.

Includes bibliographical references (pages 187-190) and index.

ISBN:

9781905570713

1905570716

OCLC:

871297799

Publisher Number:

99959509579