USA: Presidential election 1932

In the class of history, we were studying USA and we wrote an essay answering the question: How important were Republican reactions to the Wall Street Crash as causes of Roosevelt’s success in the presidential elections of 1932?
Here is mine:

Roosevelt was elected president in 1932. The Wall Street Crash brought important Republican reactions to Roosevelt’s success.

On the one hand, Hoover’s actions helped Roosevelt rise on power. Hoover war regarded as ‘do nothing’ president. He cut taxes to improved the economy and introduced tariff to protect US industry. Hoover said that prosperity was just around the corner and that was not involve in economy. He believed that social security was not responsibility of the government. These events, with the international trade, marked the depression worse.

Hoover

On the other hand, Roosevelt was democrat and he prepared a plan to be president. Roosevelt made a campaign, he made 16 major speeches and another 60 from the back of his train. He promised the American people “New Deal”. He travelled throughout the country expanding his campaign Roosevelt’s as a politician believed in an ‘active government’ to improve the lives of ordinary people. He had plans to spend public money on getting people back to work.

Roosevelt

To conclude, Roosevelt was elected president in 1932 due to Hoover’s action and due to Roosevelt’s campaign as he become popular. He solved the problems Hoover left. The Republican reactions were important for the Roosevelt's success, however Roosevelt actions were more important since he spread his proposal for a huge change which the people needed.

USA: credit and hire purchase

In the history's class, we had studied USA and we wrote an essay answering the question: How important were credit and hire purchase as a reason for economic growth during the 1920s?

Here is my essay:

In 1920s there was an economic boom in the USA that improved the USA as a country. There are many reasons why this happened and one could be the role that credits and hire purchase took.

On the one hand, credits and hire purchase allowed Americans to buy everything. Moreover, Americans started to use new methods. New techniques together with mass production meant that huge amounts of goods could be produced much more cheaply and more people could afford them. In this way, it was easy to buy in USA, because of ‘Buy now pay later’ so people can buy on credits and allowed families with low incomes to buy goods. Big industries such as the motor car industry used hire purchase schemes and 6 out 10 cars were bought on credit. This cause to people to had confidence, ordinary people had a house and a better quality of life as they paid on credits having confidence that they could paid their loan. Also business people get rich, as they started to invest in the stock market, they started to speculate, this meant that they borrow money from banks to bought shares on margin, then sold them again as soon as the prices has risen and then they paid off their loan and still had a quick profit. As confidence was high, banks started to lend money and many new millionaires appeared, so people invest money on companies.

cars bought on credits

On the other hand, the industries grew with the First World War as they sold arms, food and money to Europe. With this advantage, USA became the world leader in many sectors. The industry of oil was the best in the world and the chemical industries outstripped Germany. Electrification has a huge role too, since electricity was extended to new areas of the country and allowed for more productive factories. Besides, the Republicans policies helped too. There was tariff that protected the companies, there was laissez-faire that the government didn’t intervene in the people’s life and there was low taxation because in this way people had more money to spend, and this allowed profits to increase. Due to this, mass production became popular, after the Ford’s assembly line production invention in the motor industry that produced many consumer goods. Industries used other methods to attract people to buy. Big industries used sophisticated sales and marketing techniques to get people to buy their goods. There were advertising campaigns for buying new consumer goods. Poster and radio advertisements encouraged Americans to spend, like the idea of ‘Buy now, pay later’ was spread so more people started to buy goods because the ‘being careful with money and saving for a rainy day’ was replaced by a belief that spending money was a better quality of life.

campaign

Assembly line

To conclude, hire purchase and credit were important in the economic boom as they encourage people to buy. However, there weren’t the main factor for the economic growth. There are huge of reasons why there was an economic boom and hire purchase and credit was only a grain of sand.