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Author of The President and the Oligarch: Roosevelt, Mellon and the Triumph of Big Government; The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger; and American Rascal: How Jay Gould Built Wall Street's Biggest Fortune.

Greg Steinmetz
The President and the Oligarch
Roosevelt, Mellon and the Triumph of Big Government
Why did one of our greatest presidents ruthlessly persecute an old man who meant him no harm? In this thrilling exposé, Greg Steinmetz recounts how FDR targeted Andrew Mellon, America’s third-richest individual and the Treasury Secretary under three Republican presidents, to prove his progressive credentials and rally support for his sweeping social agenda. More than anyone, Mellon symbolized the Roaring Twenties economic boom and the crack up that followed. FDR publicly blamed him and his laissez-faire, do-nothing approach to economic policy for the Great Depression, dragging him through the courts and using him as a convenient diversion from the New Deal’s failure to bring jobs back to a devastated economy. Roosevelt was still at it when Mellon died of old age but not until one final, jaw dropping twist occurred in this strange clash of titans.This shocking book reveals the secret sinister side of Roosevelt—and explains how big government won out of over the libertarian economic order that had reigned since the birth of the republic.






