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In November 1932, Franklin D. Roosevelt was elected President of the United States of America. He had beaten his Republican opponent Hoover with 89% of the electoral votes to 11%.

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Introduction

Gemma Eden In November 1932, Franklin D. Roosevelt was elected President of the United States of America. He had beaten his Republican opponent Hoover with 89% of the electoral votes to 11%. Roosevelt also gained 22.8 million popular votes to Hoover's 15.8 million. For Roosevelt to be elected into his presidential role, it had taken several events and reasons for Roosevelt to reach that position. The previous presidential elections to 1932 were in 1928. 1928 had been a completely different climate to 1932, the 1920s in America were seen as extremely 'prosperous' and the economy was 'booming'. The unemployment rate stood at 3.7% until 1929. Working hours had decreased to an average of 44 hours a week, whereas wages of the industrial workers had risen by 14%. Industrial production rose by 50%, and the GNP stood at almost $104 billion. The people of America were also spending more time and money on entertainment. The 1920s were also a good decade for cinema, and 80 million tickets were being sold weekly. With all the prosperity, people had little reason to complain. The current government, run by Herbert Hoover a Republican, adopted a policy of no interference with America's economy, called laissez-faire. ...read more.

Middle

As they sold the shares for a price that made a small loss, this brought the market prices down. When the other shareholders realised the prices were dropping they presumed they would rise again. When this did not happen, buyers turned to sellers in bulk. During September and October, the number of people selling increased to over 6 million shares exchanged on one day, 23rd October 1929. This had caused an enormous slump, and the following day became known as 'Black Thursday'. A record of 12.9 million shares changed hands that day, and thousands of small investors were already ruined. Intervention of a banker's consortium made Friday and Saturday calmer, and as Sunday was a day of rest there was no more panic until Monday. When Monday arrived, the prices immediately began to slide again. By Tuesday 29th, 'Black Tuesday', the prices of shares had gone down by $14,000,000,000. With the loss of all this money to all shareholders, including businesses, like US Steel and General Electric, the companies could not afford to pay workers, and the workers could not pay off their easy credit. By March 1930, unemployment rates had risen by 1.75 million from the previous year. ...read more.

Conclusion

As well as dealing with big corporations, Roosevelt and his trust realised they had to restore the purchasing power of farmers. They cut productions, so that less surplus crops were made, this in turn made a larger demand for product, which caused a rise in price. Roosevelt had developed polio in 1921, which had left him paralysed. For some, this would have meant the end for a public life; instead he made the effort to rebuild his body and continued with his work. Roosevelt was elected in 1932, due to his own work and reputation for promising relief programmes that suggested that he was the support and aid the country needed. His reputation helped him get elected due to the current state of the country and it's running. Hoover's policies and attitude had made him the right person for President in 1928, but after the economic disaster that affected the whole world struck, he was completely wrong for the American recovery. Roosevelt being the opposite of Hoover made him the right choice. When he was elected President, Roosevelt flew over to Chicago and accepting his nomination, with the words "I pledge you, I pledge myself, to a new deal for the American people". Why was Roosevelt elected in 1932? ...read more.

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