![]() Not only should this real-life drama be highlighted in history books it should be a blockbuster movie.Thanks for reading The Tyee today - we hope this article added to your day in some way. Their attempt reveals the threat of concentrated wealth and the ever-present danger that the imperious rich pose to majority rule. Nonetheless, officials failed to punish the perpetuators of this outrageous assault on our democracy.įortunately, a real patriot was able to expose the traitors, nipping the coup d'etat in the bud. But the House committee final report was "able to verify all the pertinent statements made by General Butler." They got the establishment media to pile on to discredit him. Wall Street responded by immediately launching a coordinated counterattack assailing Butler and claiming a coup was preposterous. With evidence in hand, Butler got the House Special Committee on Un-American Activities to conduct an investigation, which convinced members of the committee Butler's story was "alarmingly true." The committee then opened public hearings with Butler giving detailed testimony. Butler enlisted investigative reporter Paul Comly French to help gather proof of the bankers' intent. Butler was astounded and repulsed by the hubris and treachery of these aristocrats from Wall Street. And one of their choices was Smedley Butler.īut he was the wrong general. Once in place, the financiers and militarists would install a "secretary of general affairs" to run the country. The conspirators thought FDR would go down without a fight and would welcome the coup. MacGuire told Butler the Wall Street cohort plus a new group called American Liberty League (made up of corporations like DuPont, Colgate, General Foods and General Motors) were prepared to fund the cause to the tune of $300 million (about $5.6 billion in today's money), and Remington Arms would supply the weapons. After several meetings spent discussing veterans' issues, MacGuire finally explained the financial powers he represented wanted Butler to create a paramilitary corps of 500,000 vets and march on Washington to force FDR from the White House. ![]() Smedley Darlington Butler, a respected advocate for veterans. MacGuire reached out to retired Marine Maj. Gerald MacGuire, Murphy's bond salesman, was an ex-soldier and an active member of The American Legion. "Class war," they wailed, claiming that their "liberty" to grab as much wealth as possible was being shackled.Ĭalling Roosevelt a traitor to his class, these men implemented a plan to oust him by enlisting a private military force made up of thousands of destitute World War I vets who were protesting the failure to receive promised federal bonus payments. head) and Robert Sterling Clark (heir to the Singer sewing machine fortune) were enraged by FDR's moves. ![]() Murphy (banker and Anaconda Copper Mining Co. Such Wall Street multimillionaires as Grayson M-P. Roosevelt had scored a landslide presidential victory over Wall Street's man, then-President Herbert Hoover, and, to the bankers' horror, the new president's plans included new taxes on wealth. In 1933, the Great Depression was in full force, and the people's boiling political anger was scaring the aloof denizens of Wall Street, as unfettered capitalism seemed threatened. One coup that most of us haven't heard of is The Wall Street Putsch of 1933. In fact, the country itself was founded on an armed coup to replace the legal ruler, King George III, with a gang of revolutionary upstarts. We tend believe that plots to overthrow the government are totally foreign to our national character. Many Americans are reluctant to accept that coup conspiracies are part of country's history. ![]()
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