Encore: Political Parties | The New Deal Coalition | 5

American History Tellers

Wondery

Society & Culture, Kids & Family, History, Education For Kids

4.7 • 18.3K Ratings

🗓️ 7 October 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The 1929 stock market crash saw 14 billion dollars vanish in a matter of hours — and with it, the Republican party’s decades-long grip on American politics. As Americans lost their livelihoods, they turned to President Herbert Hoover for relief. But the self-made man who had so successfully reversed his own fortunes seemed unable to do the same for his country. With discontent growing, Hoover turned on World War veterans demanding early bonus payouts to support their families. It would prove the last straw for many Americans.

The landslide election of 1932 would mark a profound realignment in U.S. politics, bringing urban centers under Democratic control for the first time in the party’s history. And it would propel into the White House Franklin Delano Roosevelt, whose sweeping New Deal would permanently transform the American political landscape.

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Transcript

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0:00.0	Hey, prime members, you can listen to American History Tellers add free on Amazon music,
0:05.6	download the app today.
0:08.0	This is a special encore presentation of our series on political parties in the United
0:12.4	States.
0:13.4	As we head into November and face a contentious and consequential election, it seems
0:17.3	a ripe time to revisit how we got here in the first place.
0:20.4	It wasn't always Democrats and Republicans.
0:22.8	And if you'd like even more insight into our American political process, search for and
0:27.0	subscribe to another one of my podcasts, American Elections Wicked Game.
0:31.1	It chronicles every single presidential election from 1789 to 2020.
0:36.1	Both in this series and in that podcast, you'll find our current strife isn't so new,
0:40.7	and certainly not any worse than it has been.
0:42.9	Hopefully, that's a comfort.
0:46.9	Imagine it's November 16, 1929.
0:59.0	You're a corporate lawyer in a small firm in New York City.
1:02.6	It's Saturday morning, a cool day in late fall, and you're in your seventh floor office
1:06.8	in the Munson Building on Wall Street.
1:09.0	You've been spending a lot of time here lately, ever since the stock market crashed three
1:13.2	weeks ago.
1:14.8	The services are suffering all over the city, but not yours.
1:18.3	Demand for your firm's services is at an all-time high.
1:22.0	Having just finished up with a client, you step out of your small office and into the
	...

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