Wall Street and FDR by Antony C. SuttonFranklin 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 FDRs 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 didnt adversely affect FDRs 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 Suttons powerful presentation given the recent banking crises and worldwide governments bolstering of private institutions via the public purse.
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Franklin D Roosevelt: The first 'modern' President?
Antony Cyril Sutton February 14, — June 17, was a British and American economist, historian, professor, and writer. Born in London in , Sutton relocated to California in and became a U. During his time at the Hoover Institution, he wrote the major study Western Technology and Soviet Economic Development in three volumes , arguing that the West played a major role in developing the Soviet Union from its very beginnings up until the then-present year of Sutton argued that the Soviet Union 's technological and manufacturing base, which was then engaged in supplying the Viet Cong , was built by United States corporations and largely funded by US taxpayers. Steel and iron plants, the GAZ automobile factory, a Ford subsidiary in eastern Russia, and many other Soviet industrial enterprises were built with the help or technical assistance of the United States or US corporations. He argued further that the Soviet Union's acquisition of MIRV technology was made possible by receiving from US sources machining equipment for the manufacture of precision ball bearings , necessary to mass-produce MIRV-enabled missiles. In , Sutton published a popularized, condensed version of the sections of the forthcoming third volume relevant to military technology called National Suicide: Military Aid to the Soviet Union after which he was forced out of the Hoover Institution.
upprevention.org (1 of 4) . This book1 portrays Franklin Delano Roosevelt as a Wall Street financier who, during his.
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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. Together with their corporate allies, this elite group profited from the decrees and programs 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.