In his speech accepting the Democratic nomination for a second consecutive term, President Franklin D Roosevelt, on 27 June 1936, at Philadelphia said, that persons prominent in the field of industry and finance generally opposed his tendency to centralize and organize the government. The term ‘Economic Royalists’ was first coined by him and has found its existence even today in the new dynasties carved out by themselves; the economic royalists of our modern civilization. Kingdoms were built as a result of their greed and voracity for material and tangible success. There wasn’t any place among this royalty for our thousands of small merchants and business-men who strived to make a worthy use of the financial system of profit and initiative.