“The Money-changers Have Fled From The Temple Of Our Civilization:” F.D. Roosevelt Inaugural Address

“Many of the of the most sensational exposures of the Pecora investigation would come later, but by early March, 1933, enough had been revealed for the American people to recoil indignantly from the evidence of chicanery, greed and simplemindedness among the nation’s largest bankers. And the failure of the banks, which had wiped out untold millions in life savings, seemed a final indictment on the private banking system. Roosevelt himself had declared in his inaugural address that

“…the rulers of the exchange of mankind’s goods have failed through their own stubbornness and their own incompetence, have admitted their failure, and have abdicated… The money-changers have fled from their high seats in the temple of our civilization.”"

F.D. Roosevelt, Inaugural address, cited in Goldston. March 04, 1933.

Cited in Robert Goldston, The Great Depression: The United States In The Thirties (New York: Bobbs-Merrill, 1968) Pp 114

Drawing by Heinrich Kley. The Drawings Of Heinrich Kley, Dover Publications Inc. (New York: 1969) pp. 92