Abraham Lincoln Quotes
These capitalists generally act harmoniously and in concert, to fleece the people.
Abraham Lincoln, 1809-1865, 16th President of the United States (Republican, IL), Speech, Illinois legislature, January 1837
Sourced by: Eigen's Political and Historical Quotations
Grandfather of President John F. Kennedy. Standard Oil had a monopoly on kerosene, a major fuel at the time. The company announced an extra $17 million dividend to shareholders and then raised the price of kerosene throughout the country to pay for it. Some, like Fitzgerald, saw this as a de facto regressive tax levied by a private corporation on the poor and middle class.
There is a very interesting parallel with the views and statements of FDR at the same time.
The Kimberly and Comstock lodes were natural deposits of copper and silver so close to the surface that it required very little work to remove the metal and sell the it.
Writing about the railroad magnates and monopolists of his day:
Summarizing his conclusions of the Judiciary Committee investigations regarding Wall Street and the bankers' role in the Great Depression:
This is one of the FDR quotations, which his opponents then, and many conservatives later, characterized as “class warfare.” This type of accusation has in part protected business leaders and those who control wealth from public accountability. Similar business leader resentment was levied against President Obama when he criticized the Bankers and Wall Street leaders whose behavior, in great part, was the cause of the economic meltdown and recession of 2008.
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.