America actually had full blown fascism under Wilson and to an extent FDR.
However the nationalization of the nerve center of the economy (banks) is unprecendeted.
Actually, FDR liked Hitler’s brand of national socialism and the government did buy in to banks during the depression and at some point the banks paid the government back. But the socialists never gave back control.
I have posted the following article several times here on FR from mises.org check it out, the link is below.
“It is impossible to escape the parallels between Guenter ReimannÂ’s account of doing business under the Nazis and the “compassionate,” “responsible,” and regulated “capitalism” of todayÂ’s U.S. economy today. At least the German government was frank enough to give the right name to its system of economic control.
Here is the link for this article:
http://mises.org/story/47