Chapter
Imaginary Money
12:24 - 16:04 (03:39)
In 1924, the US government issued service certificates to veterans, promising to pay them money in the future for their service. But after the economic collapse, many demanded their pay earlier and camped out for months in protest, leading to the Bonus Army march.
Clips
The summary discusses how service certificates were issued by the government to World War I veterans as imaginary money, which were essentially war bonds that would pay out after a certain period.
12:24 - 14:39 (02:14)
Summary
The summary discusses how service certificates were issued by the government to World War I veterans as imaginary money, which were essentially war bonds that would pay out after a certain period. However, economic strife in 1924 had many veterans desperate for immediate cash, leading them to set up camps to demand their certificates be paid out early.
ChapterImaginary Money
EpisodeBehind the Insurrections - The Business Plot: When Rich Fascists Almost Took Over America
PodcastBehind the Bastards
Robert Sterling Clark feared that the New Deal would lead to Soviet communism and the loss of his money.
14:39 - 16:04 (01:25)
Summary
Robert Sterling Clark feared that the New Deal would lead to Soviet communism and the loss of his money. Douglas MacArthur used force, including poison gas, to disperse people protesting against the New Deal.