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1936 › William Lemke (Union) › Public control of the central bank and money creation

'Drive the money changers out of the temple': public control of money and credit, further inflation of the currency

pledge_forwardvague_gesturesurrogateevidence C Banking & FinanceMoney, Currency & Credit similar solutions · similar reasoning

Solution

The Union Party's founding program as Coughlin stated it -- take money creation from private banks; go 'much further in the inflationists' direction' than the Thomas amendment and silver purchase.

Rationale

Coughlin held that the President 'has failed to drive the money changers from the temple--as the President promised to do.'

Statements (2)

1936-06-21 · Evening Star editorial, 'The New Party' · generalsurrogate ✓ verified

possessing one pro gram of driving the money changers out of the temple

Source: Evening Star editorial page, June 21, 1936 (1936-06-21)

1936-08-13 · G. Gould Lincoln, 'The Political Mill', Evening Star · generalreported ✓ verified

He considers that the President has failed to drive the money changers from the temple--as the President promised to do.

Source: Evening Star editorial page, Aug. 13, 1936 (Union Party convention) (1936-08-13)

Follow-through

not_applicable

No public control of money creation; Coughlin's National Union dissolved after the election.

Reception (2)

editorialaccuratesalience medium G. Gould Lincoln, 'The Political Mill', Evening Star 1936-08-13

The Union ticket drew from Democrats and aimed at Roosevelt's scalp, but was 'entirely unlikely' to carry a single State.

But it is entirely unlikely that Coughlin and his Lemke-O'Brien ticket will carry a single State for themselves.

Source: Evening Star editorial page, Aug. 13, 1936 (Union Party convention)

election_returnsaccuratesalience medium David Lawrence, Evening Star 1936-11-10

The returns 'proved conclusively' that isolated group movements outside the two parties are vain; Coughlin's retirement ended them.

If there is one thing that the last election proved conclu sively. it is that the two major parties have too big a hold on the American people to be disturbed from the outside

Source: Minor party efforts seen as vain; Coughlin defeat (David Lawrence), Evening Star, Nov. 10, 1936, p. 11

1936-lemke-drive-the-money-changers-out-central-bank · created by claude-fable-5-1 · review: unreviewed