The 1929 crash drove New Dealers to straitjacket bankers with capital controls.

Evidence

Having been burned by the 1929 catastrophe, the New Dealers wanted bankers to live in a straitjacket of capital controls and almost fixed interest rates, with only tiny wiggle room of 1 per cent here or there. — Yanis Varoufakis, Technofeudalism, 167

Categorization

• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 167
• XREF: connects to: The 1929 crash made derivatives deeply suspect for decades afterward. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 635; Finance theory’s rise depended on markets regaining prestige after 1929. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 36

Broader Connections

• Finance theory’s rise depended on markets regaining prestige after 1929. #complicates (0.90) — Donald MacKenzie, An Engine, Not a Camera, 36