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How successful was Roosevelt in solving the problems facing the USA in the 1930’’s?
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- Words:
- 1284
- Submitted:
- Thu Jul 11 2002
... COURSEWORK ASSIGNMENT B: ROOSEVELT AND THE NEW DEAL BY SHOAIB KHAN 5 AMR How successful was Roosevelt in solving the problems facing the USA in the 1930''s? During the 1928 elections America was at the core of its boom and the Republican candidate Herbert Hoover was facing the Democratic Al Smith. The Republicans had been in power during the boom and were seen as the people who had made it happen. Al Smith was a "wet" (anti-prohibitionist) and a young city boy as opposed to Hoover who was much older and a dry" (pro-prohibition). Inevitably Hoover clinched a landslide victory and put the Republicans in power for a second term. However on October 24, 1929 ("Black Thursday") prices in the New York Stock Exchange fell by astonishing amounts. This led to the market collapsing five days later. Many investors tried to sell what shares they could in order to retrieve some of
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