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The election campaign was conducted under the shadow of the Great Depression in the United States, and the new alliances which it created. Roosevelt and the Democratic Party mobilized the expanded ranks of the poor as well as organized labor, ethnic minorities, urbanites, and Southern whites, crafting the New Deal coalition. During the campaign, Roosevelt said: "I pledge you, I pledge myself, to a new deal for the American people", coining a slogan that was later adopted for his legislative program as well as his new coalition.
Economist Marriner Eccles observed that "given later developments, the campaign speeches often read like a giant misprint, in which Roosevelt and Hoover speak each other's lines." Roosevelt denounced Hoover's failures to restore prosperity or even halt the downward slide, and he ridiculed Hoover's huge deficits. Roosevelt campaigned on the Democratic platform advocating "immediate and drastic reductions of all public expenditures," "abolishing useless commissions and offices, consolidating bureaus and eliminating extravagances reductions in bureaucracy," and for a "sound currency to be maintained at all hazards." On September 23, Roosevelt made the gloomy evaluation that, "Our industrial plant is built; the problem just now is whether under existing conditions it is not overbuilt. Our last frontier has long since been reached." Hoover damned that pessimism as a denial of "the promise of American life ... the counsel of despair." The prohibition issue solidified the wet vote for Roosevelt, who noted that repeal would bring in new tax revenues.
Roosevelt won 57% of the vote and carried all but six states. Historians and political scientists consider the 1932-36 elections a realigning election that created a new majority coalition for the Democrats, thus transforming American politics and starting what is called the "New Deal Party System" or (by political scientists) the Fifth Party System.
After the election, Roosevelt refused Hoover's requests for a meeting to come up with a joint program to stop the downward spiral and calm investors, claiming it would tie his hands. The economy spiralled downward until the banking system began a complete nationwide shutdown as Hoover's term ended. In February 1933, Roosevelt escaped an assassination attempt by Giuseppe Zangara (which killed Chicago Mayor Anton Cermak sitting next to him). Roosevelt leaned heavily on his "Brain Trust" of academic advisors, especially Raymond Moley when designing his policies; he offered cabinet positions to numerous candidates (sometimes two at a time), but most declined. The cabinet member with the strongest independent base was Cordell Hull at State. William Hartman Woodin at Treasury, was soon replaced by the much more powerful Henry Morgenthau, Jr.
First term, 1933–1937
See also: New DealWhen Roosevelt was inaugurated in March 1933, the U.S. was at the nadir of the worst depression in its history. A quarter of the workforce was unemployed. Farmers were in deep trouble as prices fell by 60%. Industrial production had fallen by more than half since 1929. Two million were homeless. By the evening of March 4, 32 of the 48 states, as well as the District of Columbia had closed their banks. The New York Federal Reserve Bank was unable to open on the 5th, as huge sums had been withdrawn by panicky customers in previous days. Beginning with his inauguration address, Roosevelt began blaming the economic crisis on bankers and financiers, the quest for profit, and the self-interest basis of capitalism:
Legacy
A 1999 survey by C-SPAN found that by a wide margin academic historians consider Abraham Lincoln, George Washington and Roosevelt the three greatest presidents, consistent with other surveys. Roosevelt is the sixth most admired person from the 20th century by US citizens, according to Gallup.
Both during and after his terms, critics of Roosevelt questioned not only his policies and positions, but also the consolidation of power that occurred because of his lengthy tenure as president, his service during two major crises, and his enormous popularity. The rapid expansion of government programs that occurred during Roosevelt's term redefined the role of the government in the United States, and Roosevelt's advocacy of government social programs was instrumental in redefining liberalism for coming generations.
Roosevelt firmly established the United States' leadership role on the world stage, with pronouncements such as his Four Freedoms speech, forming a basis for the active role of the United States in the war and beyond.
After Franklin's death, Eleanor Roosevelt continued to be a forceful presence in U.S. and world politics, serving as delegate to the conference which established the United Nations and championing civil rights. Many members of his administration played leading roles in the administrations of Truman, Kennedy and Johnson, each of whom embraced Roosevelt's political legacy.
Roosevelt's home in Hyde Park is now a National historic site and home to his Presidential library. His retreat at Warm Springs, Georgia is a museum operated by the state of Georgia. His summer retreat on Campobello Island is maintained by the governments of both Canada and the United States as Roosevelt Campobello International Park; the island is accessible via the Franklin Delano Roosevelt Bridge.
The Roosevelt Memorial is located in Washington, D.C. next to the Jefferson Memorial on the Tidal Basin, and Roosevelt's image appears on the Roosevelt dime. Many parks and schools, as well as an aircraft carrier and a Paris subway station and hundreds of streets and squares both across the US and the rest of the world have been named in his honor.
Reflecting on Roosevelt's presidency, "which brought the United States through the Great Depression and World War II to a prosperous future", said FDR's biographer Jean Edward Smith in 2007, "He lifted himself from a wheelchair to lift the nation from its knees."
Media
See also
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