• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

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%.

Extracts from this document...


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.


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.


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.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE USA 1919-1941 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE USA 1919-1941 essays

  1. Why people supported Roosevelt in the 1932 election

    The expression on the nurse's face is somehow foolish. She seems to be praising Roosevelt and agreeing completely with what he is saying. This hints at the fact that the President had the support from Congress and that this support was unlimited, and therefore criticises them both. The doctor is saying "Of course we may have to change remedies if we don't get results."

  2. To what extent did America roar in the 1920s?

    more sellers and the whole structure of the stock market will collapse. This is what happened in 1929 with the Wall Street Crash. Throughout the 1920s the rise in share prices was quite steady. However, by October many experts started to sell their shares because they were worried about the weaknesses in the economy and the high share prices.

  1. How did America Become Prosperous in the 1920(TM)s

    Advertisements that said "seaside view" might actually be miles away from the sea and the IRS's scrutiny of Florida's real estate as being a giant shame operation didn't help. However the boom had already created many jobs and had helped the economy greatly.

  2. The United States 1919 - 1941, The Wall Street Crash

    Many poor people such as the farmers or other misfortune people barely had any money to begin with even before the Crash and did not share equally in the time of the boom or so called, "Roaring Twenties". Majority of the farmers did not benefit as the total US farm

  1. Why Did The Policies Of President Hoover Fail To Combat The Great Depression Effectively?

    It was a measure taken to restore confidence. The loans, however, were given mainly to big banks and larger companies. The RFC eventually failed because it was giving too little too late. By this time, Hoover's credibility was severely damaged, but the nail in the coffin was yet to come

  2. To what extent did America

    tickets to sporting events and those people who couldn't would know some one with a radio so that they could listen to games. A few people made a lot of money from sport like the players, coaches and the owners of teams.

  1. In the 1920's America was the richest and most powerful country in the world ...

    However all this was going to change, due to the problems the depression caused and the introduction of the New Deal. The main reason that Roosevelt introduced the New Deal was the depression. Primarily the cause of this depression was the Wall Street Crash in 1929.

  2. Explain the Features of the New Deal - Roosevelt and the American Presidential Election ...

    On the vast majority of occasions the workers had been recorded to be victorious as the employers were normally forced to give in to their demands. If it was not for Roosevelt's bold actions, it goes without saying that the New Deal would never have been brought about.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work