Herbert Hoover in the context of "Presidency of Franklin D. Roosevelt (1933–1941)"

A think tank, or public policy institute, is an organization that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within a government, and some are associated with particular political parties, businesses, or the military. Think tanks are often funded by individual donations, with many also accepting government grants.

Think tanks publish articles and studies, and sometimes draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements, or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of the quality of their research. Later generations of think tanks have tended to be more ideologically oriented.

Franklin Delano Roosevelt (January 30, 1882 – April 12, 1945), also known as FDR, 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.

The 1932 Summer Olympics (officially the Games of the X Olympiad and also known as Los Angeles 1932) were an international multi-sport event held from July 30 to August 14, 1932, in Los Angeles, California, United States. The Games were held during the worldwide Great Depression, with some nations not traveling to Los Angeles as a result; 37 countries competed, compared to the 46 at the 1928 Games in Amsterdam, and even then-U.S. President Herbert Hoover did not attend the Games. The organizing committee did not report the financial details of the Games, although contemporary newspapers stated that the Games had made a profit of US$1 million (equivalent to US$18.67 million in 2024).

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.

The Hoover Institution (officially The Hoover Institution on War, Revolution, and Peace and formerly The Hoover Institute and Library on War, Revolution, and Peace) is an American public policy think tank which promotes personal and economic liberty, free enterprise, and limited government. While the institution is formally a unit of Stanford University, it maintains an independent board of overseers and relies on its own income and donations. It is widely described as conservative, although its directors have contested the idea that it is partisan.

The institution began in 1919 as a library founded by Stanford alumnus Herbert Hoover prior to his presidency in order to house his archives gathered during World War I. The well-known Hoover Tower was built to house the archives, then known as the Hoover War Collection (now the Hoover Institution Library and Archives), and contained material related to World War I, World War II, and other global events. The collection was renamed and transformed into a research institution ("think tank") during the mid-20th century. Its mission, as described by Herbert Hoover in 1959, is "to recall the voice of experience against the making of war, and by the study of these records and their publication, to recall man's endeavors to make and preserve peace, and to sustain for America the safeguards of the American way of life."

Presidential elections were held in the United States on November 8, 1932. Against the backdrop of the Great Depression, the Republican ticket of incumbent President Herbert Hoover and incumbent Vice President Charles Curtis were defeated in a landslide by the Democratic ticket of Franklin D. Roosevelt, the governor of New York and John Nance Garner, the Speaker of the House. This realigning election marked the effective end of the Fourth Party System, which had been dominated by Republicans, and the beginning of an era of Democratic dominance under the New Deal coalition.

Despite disastrous economic conditions due to the Great Depression, Hoover faced little opposition at the 1932 Republican National Convention. Roosevelt was widely considered the front-runner at the start of the 1932 Democratic National Convention, but was not able to clinch the nomination until the fourth ballot of the convention. The Democratic convention chose a leading Southern Democrat, Speaker of the House John Nance Garner of Texas, as the party's vice presidential nominee. Roosevelt united the party, campaigning on the failures of the Hoover administration. He promised recovery with a "New Deal" for the American people.

The Good Neighbor policy (Spanish: Política de buena vecindad; Portuguese: Política da Boa Vizinhança) was the foreign policy of the administration of United States President Franklin D. Roosevelt towards Latin America. The policy's main principle was that of non-intervention and non-interference in the domestic affairs of Latin America. It also reinforced the idea that the United States would be a "good neighbor" and engage in reciprocal exchanges with Latin American countries. Overall, the Roosevelt administration expected that this new policy would create new economic opportunities in the form of reciprocal trade agreements and reassert the influence of the United States in Latin America; however, many Latin American governments were not convinced.

Although the policy was implemented by the Roosevelt administration, President Woodrow Wilson had previously used the term, but subsequently went on to justify U.S. involvement in the Mexican Revolution and occupation of Haiti. Senator Henry Clay had coined the term Good Neighbor in the previous century. President Herbert Hoover turned against interventionism and developed policies that Roosevelt perfected.