American History Tellers Political Parties - The New Deal Coalition | 5
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Dec 19, 2018 The 1929 stock market crash reshaped American politics, signaling the decline of the Republican Party as discontent brewed among citizens. With Franklin D. Roosevelt's election in 1932, the Democratic Party gained unprecedented urban support. The podcast delves into Hoover's failed responses to the Great Depression, the rise of the Bonus Army, and significant reforms introduced by the New Deal. It also highlights key moments, including debates over civil rights at conventions that exposed deep rifts and transformed party dynamics.
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1932 Election Realigns Parties
- The 1932 election shifted cities to Democrat control for the first time.
- Roosevelt crushed Hoover, ending Republican dominance and beginning the New Deal era.
Roosevelt Stops Bank Panic
- Roosevelt quickly ended the banking crisis with a federal bank holiday.
- Deposits surged, halting the panic and causing the biggest single-day stock market rise.
Roosevelt Champions Social Duty
- Roosevelt embodied a privileged background but championed the common man.
- He believed government aid was a social duty, not charity, pioneering relief programs.