Wall Street and FDR

Download or read book Wall Street and FDR written by Antony C. Sutton and published by CLAIRVIEW BOOKS. This book was released on 2013-10-15 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Franklin Delano Roosevelt is frequently described as one of the greatest presidents in American history. He is also remembered for his leadership during the Great Depression and World War II. Antony Sutton challenges this received wisdom, presenting a controversial but convincing analysis. Based on an extensive study of original documents, Sutton concludes that FDR was an elitist who influenced public policy to benefit special interests, including his own; that FDR and his Wall Street colleagues were "corporate socialists" who believed in making society work for their own benefit; and that FDR believed in business but not in free-market economics. This 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.