Abraham Lincoln Quotes
As for these speculators I wish every one of them would have his devilish head shot off.
Abraham Lincoln, 1809-1865, 16th President of the United States (Republican, IL), Statement in a moment of anger over the Wall Street speculators at the outbreak of the Civil War, Quoted on CNBC, The Great Game: The Story of Wall Street, July 3, 2000
Sourced by: Eigen's Political and Historical Quotations
The Union government had resorted to printing Greenbacks {619940} to finance the war. However, that left two different U. S. currencies in circulation, and speculators soon began buying one and selling the other as the Greenback ‘market’ flourished or sank with the results of each battle. This caused substantial economic dislocation in the Northern Economy and was thought to be of great help to General Lee’s war effort. Lincoln had little charity toward the speculators.
Trump himself was known for being quite greedy and this admission was made before the Wall Street firms had been shown to be as greedy as they were during the aftermath of the 2008 economic meltdown recession when Wall Street Executives had their entire industry bailed out by the average taxpayer. Then they demanded their multi-million dollar bonuses while a large proportion of the people whose taxes bailed them out, were put out of work themselves by the greed, risk and profligacy of Wall Street.
Abraham Lincoln was an American politician and lawyer who served as the 16th President of the United States from March 1861 until his assassination in April 1865. Lincoln led the United States through its Civil War—its bloodiest war and its greatest moral, constitutional, and political crisis. In doing so, he preserved the Union, abolished slavery, strengthened the federal government, and modernized the economy.
