This article is about a confirmed conspiracy theory, namely Prescott Bush's failed and illegal, 1933 fascist coup of the USA. Prescott Bush was George W Bush's grandfather, and was apart of business interests who tried to illegally overthrow President Franklin Delano Roosevelt. The conspiracy is also known as the, "Business Plot", or, "The White House Putsch".
The two main accusers of the conspirators was Republican congressman James E. Van Zandt, and retired military general Smedley Butler.
The goal of the failed coup was to establish a fascist dictatorship along the lines of Mussolini or Hitler, to oust President Franklin Delano Roosevelt, who they saw as too redistributist. The conspirators, who were comprised of wealthy business interests, began to utilize ex-soldiers who thought they were skimped an unrelated monetary bonus from the government, against the existing American Army. A retired military general, named Smedley Butler, who had been contacted to aid in the coup spilled the beans to Congress, who put a stop to the activity.
Prescott had many friendly ties to Hitler's new government in Germany, as he was deep into the business of the Hamburg-America Lines. He was named by many sources as a conspirator. Other alleged conspirators included John W. Davis, J.P. Morgan partner Thomas W. Lamont, the rich DuPont family. Bond salesman Gerald MacGuire, and Bill Doyle commander of the Massachusetts American Legion were also implicated.
While there is a possibility the conspiracy happened without Prescott, nonetheless the conspiracy did occur. Much of the confusion over who was actually involved is due to the American government redacting testimony and scrubbing related documents, which were only accessed around 2007 in a deep American national archives vault, by a BBC crew.
A group of Wall Street interests, backed by a half a million ex-soldiers, appeared by the House of Representatives Committee on Un-American activities.
Quote from Congress
“”In the last few weeks of the committee’s official life it received evidence showing that certain persons had made an attempt to establish a fascist organization in this country…There is no question that these attempts were discussed, were planned, and might have been placed in execution when and if the financial backers deemed it expedient.
|—Report of the McCormack-Dickstein Committee, 1934|
A communist magazine found parts of the hearing were redacted and believed that J.P. Morgan Bank was a big part of the conspiracy, from the redacted information.
- Report of the McCormack-Dickstein Committee, 1934