Article 5TWPQ Why is so little known about the 1930s coup attempt against FDR? | Sally Denton

Why is so little known about the 1930s coup attempt against FDR? | Sally Denton

by
Sally Denton
from on (#5TWPQ)

Business leaders like JP Morgan and Irene du Pont were accused by a retired major general of plotting to install a fascist dictator

Donald Trump's elaborate plot to overthrow the democratically elected president was neither impulsive nor uncoordinated, but straight out of the playbook of another American coup attempt - the 1933 Wall Street putsch" against newly elected Franklin Delano Roosevelt.

America had hit rock bottom, beginning with the stock market crash three years earlier. Unemployment was at 16 million and rising. Farm foreclosures exceeded half a million. More than five thousand banks had failed, and hundreds of thousands of families had lost their homes. Financial capitalists had bilked millions of customers and rigged the market. There were no government safety nets - no unemployment insurance, minimum wage, social security or Medicare.

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