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Tuesday, August 4, 2026
The
1934 Business Plot remains one of the most controversial episodes in
U.S. political history. Retired Marine General Smedley Butler testified
before Congress that he had been approached by intermediaries seeking
support for a plan to organize a force to pressure—or potentially
overthrow—President Franklin D. Roosevelt. A congressional committee
concluded that evidence supported parts of Butler's testimony and that
discussions of such a scheme had occurred. However, no senior business
leaders were prosecuted, and historians continue to debate how far the
alleged conspiracy had progressed beyond preliminary discussions. The
episode remains a reminder that wealth, political influence, and
accountability do not always intersect in predictable ways.
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