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Can you please answer my question? Why did bankers oppose FDRs New Deal programs?

April 26, 2017answer Arts bankers deal FDR History Humanities

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Can you please answer my question? Why did bankers oppose FDRs New Deal programs?

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Part of it was the fact that federal relief, subsidized credit, and public works jobs created by the deal reduced dependency on local bankers. They also opposed the idea of the removal of the gold standard.