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Why did Roosevelt win the 1932 presidential election?

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Introduction

Why did Roosevelt win the 1932 Presidential Election? Roosevelt won because the majority of the people of America voted for him. There are many reasons why they voted for Roosevelt instead of Hoover. In 1928 there was a presidential election. Herbert Hoover was a republican candidate. Nobody doubted the republicans could ever lose again seeming as the American economy was still booming from 'the roaring 20's'. The American economy was growing rapidly and businesses were booming. Many people saw this as a brilliant chance to invest in the stock market and as a quick and easy way to get rich. In 1920 there had been only 4 million shareholders, a, by 1929 there were 20 million. Many of the new investors were speculators. This means, they borrow money and invest it into the stock market, then when its worth more they take it out, pay of their loan and have a small profit at the end of it. More and more people became speculators. Even banks got involved in speculation and they were holding nothing back. In 1929 American banks lent out 9 billion dollars for speculation. The demand for shares had risen dramatically. The prices of shares were rising at an unheard-of rate. This means that people have to be confident that prices will keep going up so there will be more buyers than sellers, however if people are not confident in the prices increasing then all of a sudden there will be more sellers and ... ...read more.

Middle

Banks had to evict them because they were not paying. And eventually the sheriffs had to get them out. Which forced them to live on the road picking up work wherever they can find it. "Farmers are just ready to do anything to get even with the situation. I almost hate tom admit it, but I honestly belive that if some of them could buy airplanes they would come down here to washigton to blow you fellows up ..." President of the Farmers Union of Wisconsin, AN young, speaking to a senate committee in 1932. Obviously Hoover's image was bad and wasn't getting any better. Iowa farmers said "In Hoover we trusted and now were busted". Hoover believed in self help and rugged individualism. Hoover was regarded as the "do nothing president". This was not entirely true. He did try tax cuts and urged business leaders to not cut wages. He set up a reconstruction Finance Company which propped up banks to stop them going bankrupt. He also tried to encourage the US export trade, although without much success. Hoover, however, and many other republicans where still reluctant to change their basic policies. They blamed the weakness in the economy in Europe for the depression and said that businesses should be left alone to bring back prosperity. ...read more.

Conclusion

Roosevelt already had plans to spend public money on getting people back to work. As governor of New York he had already started doing this in his own state. He was not afraid to ask for advice on important issues from a wide range of experts as factory owners, union leaders or economists. This all appealed to the public in this time of need. Roosevelt won the election easily. I think it was because he was an energetic man, he was determined. He had policies that would appeal to the people. He helped people get back to work. He helped the poor. He went on a grand train tour of the country gaining favour across the states all of which strengthened his reputation. The opponent, Hoover. Already had a very bad reputation, he had done hardly anything for the people of America and he had delt with the war campaigners mercilessly. He had most of the contry against him and people were getting fed up of him doing nothing about the depression. "A chinaman or a monkey could have won the election".1932 quote This quote tells us that people were fed up of him and just wanted him out of Washington. Hoover believed in rugged individualism too much. This may have been suitable before the depression because people were confidant and happy in the stock market and banks. But when the depression came along his beliefs were of no use the American people and people voted him out because of it. ...read more.

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