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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