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Article: A new deal for Americans.(Franklin Delano Roosevelt, 1932 presedential elections)
- Article from:
- Cobblestone
- Article date:
- April 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Carus Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By the time Americans went to the voting booths for the 1932 presidential election, the United States already had experienced three years of a severe economic crisis. The stock market had collapsed in the fall of 1929, beginning what became known as the Great Depression. This extreme downturn in America's economy, which lasted for more than a decade, brought about the failure of banks, a rise in bankruptcies, a sharp decline in industrial production, and an increase in homelessness and unemployment. The result was widespread human suffering.
Republican president Herbert Hoover did not try very hard to use his office to fight the Depression. So in the 1932 ...