column, postelection headline in November 1930 on the front page of The New York Times read: "Roosevelt Denies Seeking Presidency." The
first speculative story on the 1932 presidential election quoted James
Farley, New York Democratic Party chairman, as saying that Roosevelt's
nomination for president was inevitable.
With unemployment spiraling and emboldened Democrats and Old
Guard Republicans opposing him, Hoover faced a most difficult task at
the midpoint of his presidency. He was still as dedicated as ever, but it
would take a confident, outspoken man to retain the presidency. Hoover
was a quiet, behind-the-scenes engineer who put his trust in hard work
and common sense. But if he thought that some unseen hand might
intervene to help Americans see his virtues, he was greatly mistaken. The
final two years of his presidency would prove to be as trying as any faced
by a U.S. president. The years 1931 and 1932 would bring the country
to the depths of depression and accelerate the voting trend that began
in the fall of 1930. The nation would forget about the man who had
introduced institutional humanitarianism to the twentieth century. In 1932 voters would turn overwhelmingly to someone who would promise
more than Hoover could deliver. By then, Herbert Hoover would be
awash in bylines in despair.
This according to Byron Price, Associated Press Washington Bureau Chief during the Hoover administration. Price Oral History Interview in Washington,
D.C., March 21, 1969, Washington, D.C., p. 2, Oral History Files, HHPL.
Herbert Hoover, The Memoirs of Herbert Hoover: The Great Depression 1929-1941 [hereafter referred to as Hoover Memoirs, vol. 3] pp. 5-6; David Burner
, Herbert Hoover. A Public Life ( New York: Knopf, 1979), p. 246.
Hoover memoirs, vol. 3, p. 17; Burner, Herbert Hoover, p. 247.
Walter Trohan interview with author, Sept. 19, 1989. Also see Hoover
Memoirs, vol. 3, pp. 16-19, for details on some of these meetings.
Burner, Herbert Hoover, p. 247.
Hoover memoirs, vol. 3, p. 30.
Robert Sobel, The Great Bull Market: Wall Street in the 1920s ( New York: W. W. Norton and Co., 1968), pp. 74-76.
Hoover memoirs, vol. 3, p. 41.
For a discussion of 1920s economic speculation, see
Edgar Eugene Robinson
Vaughn Davis Bornet, Herbert Hoover. President of the United States ( Stanford: Hoover Institution Press, 1975), pp. 241-45.
For a discussion of the history of cyclical economic factors see
Albert U. Romasco
, The Poverty of Abundance: Hoover, the Nation, the Depression ( New
York: Oxford University Press, 1965), pp. 31-35.
Hoover memoirs, vol. 3, pp. 2-4.
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Bylines in Despair:Herbert Hoover, the Great Depression, and the U.S. News Media.
Contributors: Louis W. Liebovich - Author.
Place of publication: Westport, CT.
Publication year: 1994.
Page number: 125.
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