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Inside America’s Only State-Owned Bank: A Century-Old Socialist Experiment That Now Delights Deep-Red Conservatives

Monday, November 9, 2026 | 00:14

BISMARCK, N.D. — In 1918, an offshoot of the progressive farmer-labor movement known as the Nonpartisan League swept into power in North Dakota, riding a populist groundswell of anger directed squarely at big banks and industry barons in Minneapolis and Chicago. The group was organized by former Socialist Party member Arthur C. Townley, a failed […]