recession of 1937–1938 monopoly power capital strike Federal Bureau of Investigation
When the economy began to deteriorate again in mid-1937, during the onset of the recession of 1937–1938, Roosevelt launched a rhetorical campaign against big business and monopoly power in the United States, alleging that the recession was the result of a capital strike and even ordering the Federal Bureau of Investigation to look for a criminal conspiracy (of which they found none).