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'The contribution made by American capitalism to German war
preparations can only be described as phenomenal. It was certainly
crucial to German military capabilities...Not only was an
influential sector of American business aware of the nature of
Naziism, but for its own purposes aided Naziism wherever possible
(and profitable) - with full knowledge that the probable outcome
would be war involving Europe and the United States'. Penetrating a
cloak of falsehood, deception and duplicity, Professor Antony C.
Sutton reveals one of the most remarkable but unreported facts of
the Second World War: that key Wall Street banks and American
businesses supported Hitler's rise to power by financing and
trading with Nazi Germany. Carefully tracing this closely guarded
secret through original documents and eyewitness accounts, Sutton
comes to the unsavoury conclusion that the catastrophic Second
World War was extremely profitable for a select group of financial
insiders. He presents a thoroughly documented account of the role
played by J.P. Morgan, T.W. Lamont, the Rockefeller interests,
General Electric Company, Standard Oil, National City Bank, Chase
and Manhattan banks, Kuhn, Loeb and Company, General Motors, the
Ford Motor Company, and scores of others in helping to prepare the
bloodiest, most destructive war in history. This classic study,
first published in 1976 - the third volume of a trilogy - is
reproduced here in its original form. The other volumes in the
series study the 1917 Lenin-Trotsky Revolution in Russia and the
1933 election of Franklin D. Roosevelt in the United States.
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. 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 FDR's 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 didn't adversely affect
FDR's 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 Sutton's powerful presentation given the recent banking
crises and worldwide governments' bolstering of private
institutions via the public purse. This classic study - first
published in 1975 as the conclusion of a key trilogy - is
reproduced here in its original form. (The other volumes in the
series are Wall Street and the Rise of Hitler and Wall Street and
the Bolshevik Revolution.)
Why did the 1917 American Red Cross Mission to Russia include more
financiers than medical doctors? Rather than caring for the victims
of war and revolution, its members seemed more intent on
negotiating contracts with the Kerensky government, and
subsequently the Bolshevik regime. In a courageous investigation,
Antony Sutton establishes tangible historical links between US
capitalists and Russian communists. Drawing on State Department
files, personal papers of key Wall Street figures, biographies and
conventional histories, Sutton reveals: the role of Morgan banking
executives in funneling illegal Bolshevik gold into the US; the
co-option of the American Red Cross by powerful Wall Street forces;
the intervention by Wall Street sources to free the Marxist
revolutionary Leon Trotsky, whose aim was to topple the Russian
government; the deals made by major corporations to capture the
huge Russian market a decade and a half before the US recognized
the Soviet regime; and, the secret sponsoring of Communism by
leading businessmen, who publicly championed free enterprise. "Wall
Street and the Bolshevik Revolution" traces the foundations of
Western funding of the Soviet Union. Dispassionately, and with
overwhelming documentation, the author details a crucial phase in
the establishment of Communist Russia. This classic study - first
published in 1974 and part of a key trilogy - is reproduced here in
its original form. (The other volumes in the series include "Wall
Street and the Rise of Hitler" and a study of Franklin D.
Roosevelt's "1933 Presidential election in the United States").
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