Owen J. Roberts

Supreme Court Strikes Down Agricultural Adjustment Act in United States v. Butler, Invalidating Key New Deal Farm Program

| Importance: 8/10

On January 6, 1936, the Supreme Court decides United States v. Butler in a 6-3 ruling that invalidates the Agricultural Adjustment Act (AAA), striking a devastating blow to Roosevelt’s New Deal farm recovery program just eight months after the Schechter Poultry “Black Monday” …

Supreme Court of the United States Owen J. Roberts Harlan Fiske Stone William M. Butler Hoosac Mills Corporation +2 more judicial-capture new-deal corporate-resistance supreme-court agricultural-policy +1 more
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J.P. Morgan Jr. Testifies, Preferred List and Tax Evasion Exposed

| Importance: 10/10

J.P. Morgan Jr., head of the most powerful banking house in America, testified before the Pecora Commission in hearings that riveted the nation. The New York Times headline on May 24, 1933 blared: “Morgan Paid No Income Tax for 1931 or 1932.” Morgan admitted under oath that he and his …

J.P. Morgan Jr. J.P. Morgan and Company Ferdinand Pecora U.S. Senate Committee on Banking and Currency Calvin Coolidge +1 more financial-regulation insider-trading corporate-accountability tax-evasion political-corruption
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