1932 United States presidential election in the context of "Franklin D. Roosevelt"

The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street crash of 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Germany.

The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing wealth inequality. Banks were subject to minimal regulation, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment. Share values continued to rise until the October 1929 crash, after which the slide continued until July 1932, accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25%, about one-third of farmers had lost their land, and 9,000 of its 25,000 banks had gone out of business. President Herbert Hoover was unwilling to intervene heavily in the economy, and in 1930 he signed the Smoot–Hawley Tariff Act, which worsened the Depression. In the 1932 presidential election, Hoover was defeated by Franklin D. Roosevelt, who from 1933 pursued a set of expansive New Deal programs in order to provide relief and create jobs. In Germany, which depended heavily on U.S. loans, the crisis caused unemployment to rise to nearly 30% and fueled political extremism, paving the way for Adolf Hitler's Nazi Party to rise to power in 1933.

The New Deal was a series of wide-reaching economic, social, and political reforms enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938, in response to the Great Depression, which had started in 1929. Roosevelt introduced the phrase upon accepting the Democratic Party's presidential nomination in 1932 before winning the election in a landslide over incumbent Herbert Hoover, whose administration was viewed by many as doing too little to help those affected. Roosevelt believed that the depression was caused by inherent market instability and too little demand per the Keynesian model of economics and that massive government intervention was necessary to stabilize and rationalize the economy.

During Roosevelt's first hundred days in office in 1933 until 1935, FDR introduced what historians refer to as the "First New Deal", which focused on the "3 R's": relief for the unemployed and for the poor, recovery of the economy back to normal levels, and reforms of the financial system to prevent a repeat depression. Roosevelt signed the Emergency Banking Act, which authorized the Federal Reserve to insure deposits to restore confidence, and the 1933 Banking Act made this permanent with the Federal Deposit Insurance Corporation (FDIC). Other laws created the National Recovery Administration (NRA), which allowed industries to create "codes of fair competition"; the Securities and Exchange Commission (SEC), which protected investors from abusive stock market practices; and the Agricultural Adjustment Administration (AAA), which raised rural incomes by controlling production. Public works were undertaken in order to find jobs for the unemployed (25 percent of the workforce when Roosevelt took office): the Civilian Conservation Corps (CCC) enlisted young men for manual labor on government land, and the Tennessee Valley Authority (TVA) promoted electricity generation and other forms of economic development in the drainage basin of the Tennessee River.

Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933. A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe. As a member of the Republican Party, he served as the third United States secretary of commerce from 1921 to 1928 before being elected president in 1928. His presidency was dominated by the Great Depression, and his policies and methods to combat it were seen as lackluster. Amid his unpopularity, he decisively lost reelection to Franklin D. Roosevelt in 1932.

Born to a Quaker family in West Branch, Iowa, Hoover grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. Hoover took a position with a London-based mining company working in Australia and China. He rapidly became a wealthy mining engineer. In 1914, the outbreak of World War I, he organized and headed the Commission for Relief in Belgium, an international relief organization that provided food to occupied Belgium. When the U.S. entered the war in 1917, President Woodrow Wilson appointed Hoover to lead the Food Administration. He became famous as his country's "food dictator". After the war, Hoover led the American Relief Administration, which provided food to the starving millions in Central and Eastern Europe, especially Russia. His wartime service made him a favorite of many progressives, and he unsuccessfully sought the Republican nomination in the 1920 United States presidential election.

The first term of the presidency of Franklin D. Roosevelt began on March 4, 1933, when he was inaugurated as the 32nd president of the United States, and the second term of his presidency ended on January 20, 1941, with his inauguration to a third term. Roosevelt, the Democratic governor of New York, took office after defeating incumbent president Herbert Hoover, his Republican opponent in the 1932 presidential election. Roosevelt led the implementation of the New Deal, a series of programs designed to provide relief, recovery, and reform to Americans and the American economy during the Great Depression. He also presided over a realignment that made his New Deal Coalition of labor unions, big city machines, white ethnics, African Americans, and rural white Southerners dominant in national politics until the 1960s and defined modern American liberalism.

During his first hundred days in office, Roosevelt spearheaded unprecedented major legislation and issued a profusion of executive orders. The Emergency Banking Act helped put an end to a run on banks, while the 1933 Banking Act and the Securities Exchange Act of 1934 provided major reforms in the financial sector. To provide relief to unemployed workers, Roosevelt presided over the establishment of several agencies, including the Civilian Conservation Corps, the Public Works Administration, and the Federal Emergency Relief Administration. The Roosevelt administration established the Agricultural Adjustment Administration to implement new policies designed to prevent agricultural overproduction. It also established several agencies, most notably the National Recovery Administration, to reform the industrial sector, though it lasted only two years.

Franklin Delano Roosevelt (FDR)(January 30, 1882 – April 12, 1945), was the 32nd president of the United States, serving from 1933 until his death in 1945. He is the longest-serving U.S. president, as well as the only one to have served more than two terms. His first two terms were centered on combating the Great Depression, while his third and fourth saw him shift his focus to U.S. involvement in World War II. A member of the Democratic Party, Roosevelt previously served in the New York State Senate from 1911 to 1913, the assistant secretary of the Navy under President Woodrow Wilson from 1913 to 1920, and as the 44th governor of New York from 1929 to 1932.

Born into the prominent Delano and Roosevelt families in Hyde Park, New York, Roosevelt graduated from Harvard University with a Bachelor of Arts. He entered Columbia Law School in 1904, but dropped out in 1907 after passing the New York bar examination. Roosevelt was elected to the New York State Senate from 1911 to 1913 before serving as the assistant secretary of the Navy under President Wilson during World War I. Roosevelt was James M. Cox's running mate on the Democratic ticket in the 1920 presidential election, which Cox lost to Republican nominee Warren G. Harding. In 1921, Roosevelt contracted a paralytic illness that permanently paralyzed his legs. However, he returned to the public office upon being elected governor of New York in 1928, partly through the encouragement of his wife Eleanor, and during his tenure as governor of New York, he promoted programs to combat the Great Depression. After receiving the Democratic nomination, Roosevelt defeated President Herbert Hoover in a landside victory in the 1932 presidential election.

Franklin Delano Roosevelt (FDR) (January 30, 1882 – April 12, 1945), was the 32nd president of the United States, serving from 1933 until his death in 1945. He is the longest-serving U.S. president, as well as the only one to have served more than two terms. His first two terms were centered on combating the Great Depression, while his third and fourth saw him shift his focus to U.S. involvement in World War II. A member of the Democratic Party, Roosevelt previously served in the New York State Senate from 1911 to 1913, the assistant secretary of the Navy under President Woodrow Wilson from 1913 to 1920, and as the 44th governor of New York from 1929 to 1932.

Born into the prominent Delano and Roosevelt families in Hyde Park, New York, Roosevelt graduated from Harvard University with a Bachelor of Arts and was elected to the New York State Senate from 1911 to 1913 before serving as the assistant secretary of the Navy under President Wilson during World War I. Roosevelt was James M. Cox's running mate on the Democratic ticket in the 1920 presidential election, which Cox lost to Republican nominee Warren G. Harding. In 1921, Roosevelt contracted a paralytic illness that permanently paralyzed his legs. However, he returned to the public office upon being elected governor of New York in 1928, partly through the encouragement of his wife Eleanor, and during his tenure as governor of New York, he promoted programs to combat the Great Depression. After receiving the Democratic nomination, Roosevelt defeated President Herbert Hoover in a landside victory in the 1932 presidential election.

A political realignment is a set of sharp changes in party-related ideology, issues, leaders, regional bases, demographic bases, and/or the structure of powers within a government. In the fields of political science and political history, this is often referred to as a critical election, critical realignment, or realigning election. These changes result in a restructuring of political focus and power that lasts for decades, usually replacing an older dominant coalition. Scholars frequently invoke the concept in American elections as this is where it is most common, though the experience also does occur in governments across the globe. It is generally accepted that the United States has had five distinct party systems, each featuring two major parties attracting a consistent political coalition and following a consistent party ideology, separated by four realignments. Two of the most apparent examples include the 1896 United States presidential election, when the issues of the American Civil War political system were replaced with those of the Populist and Progressive Era, and the 1932 United States presidential election, when the issues of the Populist and Progressive Eras were replaced by New Deal liberalism and modern conservatism. Realigning elections also contribute significantly to realigning (what are known in the field of comparative politics as) party systems—with 1828, for example, separating the First Party System and the Second Party System in the US.

Political realignments can be sudden (1–4 years) or can take place more gradually (5–20 years). Most often, as demonstrated in V. O. Key Jr.'s (1955) original hypothesis, a single "critical election" marks a sudden realignment. However he also argued that a cyclical process of realignment exists, wherein political views within interests groups gradually begin to separate which he designated as secular realignment. Political scientists and historians often disagree about which elections are realignments and what defines a realignment, and even whether realignments occur. The terms themselves are somewhat arbitrary, however, and usage among political scientists and historians does vary. In the US, Walter Dean Burnham argued for a 30–38 year "cycle" of realignments. Many of the elections often included in the Burnham 38-year cycle are considered "realigning" for different reasons.