The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson - and I am not wholly excepting the Administration of W.W. The country is going through a repetition of Jackson's fight with the Bank of the United States - only on a far bigger and broader basis.
About this quote
- What does it mean?
- A financial elite has controlled the government since Andrew Jackson's time, and the current administration faces a similar struggle on a larger scale.
- In plain terms
- Bankers and financiers have controlled the government for a long time.
- What can you take from it?
- Watch out for financial interests controlling government policy.
Where it applies
Putting it to work
Questions to consider
- Who really influences government policy?
- How do we balance finance and public interest?
Another view
Some argue that financial centers drive growth rather than control government.
More from Franklin Delano Roosevelt
No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.
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