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Presidential Greatness Franklin D Roosevelt Presidential greatness is due to being in the right place at the right time as in the case of Franklin D Roosevelt In 1928 the United States economy is starting to slip The construction boom is over farmers share of the national income has dropped from 15 to 9 percent since 1920 and between May 1928 and Sept 1929 the average prices of stock had risen 40 percent Trading will spread between 23 million shares per day to over 5 million This boom was largely artificial In 1929 the nation turns to Herbert Hoover for help Hoovers laissez- faire beliefs seemed to send the country into more despair By Hoover sitting back and not involving the government more than half of all Americans were living below minimum subsistence annual per-capita is 750and for farmers its only 273 automobile sales decline by a third in the nine months before the crash Recession begins in August two months before the stock market crash and during this period production declined at a annual rate of 20 percent wholesale prices at 75 percent and personal income at 5 percent The stock market crash begins Oct 24th Oct 29th is now called by investors Black Tuesday Losses for the month came to a total of 16 billion The country needs a president that can bring the economic stability back This is where Franklin D Roosevelt comes in to play He easily defeats Hoover in the fall election and becomes the countries 32nd president This seems to have been Franklin D Roosevelts right place and right time because Hoovers chances to win the election were so slim Within the first one hundred days of FDRs term he seemed to already have gained the title Great president Roosevelt entered office at a time when fear and panic had paralyzed the Nation the country needed this man to bring back economic stability This gave
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