Father Coughlin (New Deal)

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  • "Shall Mr. Roosevelt use bankers' credit money to conduct the program of permanent public works or will he be courageous enough to revert to the Constitution which he loves and which he has sworn to uphold.
  • FDR doesn't listen to the constitution!
  • " This means that when the proper date comes around on the calendar for your mortgage to fall due, or for all the mortgages in the country to fall due, the bankers, who are the manufacturers of money, demand payment in currency, in real dollars. "
  • Bank$ Have Too Much Power
  • "In this way, through the privilege accorded the bankers, they are lawfully permitted to seize the real wealth of the nation because it is impossible for the citizens of the nation to pay back the bankers in currency when only credit was borrowed..."
  • They took my farm!!
  • I knew this would happen...
  • They seized my house!!!
  • National Bank
  • One of the big issues that Father Coughlin stated, was how there isn't enough money that exists for FDR to pay for the PWA, unless he wants to use credit(which destroyed the country recently) or use the constitution to tell congress to change the value of money.
  • This is one of Coughlin's criticisms dealing with how the bankers have too much power, and people made too many payments on credit in the 20's which the bankers can now use to take advantage of them.
  • This is the world that Coughlin thought would exist if people kept paying on credit. People would have to pay the banks back eventually, but because nobody would have money at this time, the banks would seize their property.
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