American History Tellers Political Parties - The New Deal Coalition | 5
15 snips
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.
AI Snips
Chapters
Transcript
Episode notes
George Cutler's Tragic Story
- George Cutler lost everything in the 1929 stock market crash and desperately sought a loan.
- In despair, he attempted to commit suicide by jumping out the window but was stopped.
1929 Crash Devastates Economy
- The 1929 crash wiped out $30 billion in days, devastating the economy.
- Banks failed, unemployment rose to 25%, and businesses shuttered, deepening the crisis.
Hoover's Conservative Ideals
- President Hoover believed in limited government and rugged individualism.
- He feared government intervention would poison liberty and political equality.