Moneyed Interests Quotes
FDR even admitted that very wealthy men and corporations controlled most U. S. governments including the administration of his own political party. Roosevelt did a great deal to improve the situation but by the latter years of the 20th century, private financial entities gained back much of the influence and control. The result was the Meltdown of 2008 and the Great Recession, where another set of regulations and laws (Dodd-Frank) was made law by the Obama Administration. However, the financial corporations still had enormous political influence as a result of unlimited campaign contributions to politicians and unlimited lobbying.
Often called Blackshirts
This is a clever variation on the slogan of the Federalist party of early America. See {604769}
The Banks and Wall Street were much to blame of the Great Depression which began in 1929. Many called for reform and heavy regulation of the finance industry. However President Hoover was very passive and the Depression became worse. Hoover also opposed ANY regulation of banking or Wall Street. Hence the names in this quotation. The Priest was the right wing demagogic radio host of his day. Virulently anti-Semitic and anti-Black, he was threatened with excommunication by the Catholic Church, which finally ordered him to cease us weekly radio show and stop the political hate.
The United States money was then on the Gold Standard. The country was growing and needed more money in circulation. But most of the gold that might be available was in England and English bankers could control much of the U. S. economy. The Populists and the Democrats wanted us to use silver to back U. S. money as there was plenty of silver in the United States. The Republicans would not relent and depression was upon the country. A half century later, it would be Republican President Richard M. Nixon, who took the United States off the gold standard. Lease was far ahead of her time.
