The 1928 Election, Herbert Hoover, and the Onset of the Great Depression
Democratic Party Fault Lines in the 1920s
- Long-standing ideological splits:
- \textit{Free-silver} populists à la William Jennings Bryan vs. hard-money, anti-tariff conservatives in the Grover Cleveland mold.
- New, sharper cleavages by the 1920s:
- Geography / Culture:
- Southern, rural, native-born Protestants = “drys” (pro-Prohibition, often fundamentalist, sometimes pro-KKK, often anti-evolution).
- Northern, urban, immigrant-heavy Catholics & ethnics = “wets” (anti-Prohibition, tied to big-city machines such as Tammany Hall).
- Religious & nativist overtones sharpened every dispute.
1924 Convention as Precedent
- Held in Madison Square Garden, NYC.
- Took 103 ballots to choose compromise nominee John W. Davis (with Charles W. Bryan for VP).
- Radio coverage exposed internecine warfare to the nation.
- Outcome: no faction satisfied → Republicans coasted to victory again.
Alfred E. Smith: Profile & 1928 Nomination
- Irish-Catholic, born in Manhattan’s Lower East Side tenements; self-made, no college.
- Political apprenticeship in Tammany Hall; rose to four-term Governor of New York; admired across party lines for administrative acumen.
- 1928: first Catholic ever nominated by a major party for President; ticket balanced with dry Senator Joseph T. Robinson (Arkansas) to woo South.
Anti-Catholicism & Campaign Rhetoric
- Open press speculation about papal influence over a President Smith.
- The Atlantic published a lawyer’s “evidence” from papal encyclicals alleging incompatibility with the Constitution’s religious pluralism.
- Smith’s rebuttal: lifetime public service shows no conflict, statement—“I have never known any conflict between my official duties and my religious belief.”
- Despite defenses, rural Protestant Democrats mistrusted ("wet" stance + Catholicism) → defection to Republican column ("Hoover Democrats").
1928 Election Results & Significance
- Smith lost popular vote by > 6\text{ million}; Electoral College only 87 votes.
- Lost home state (NY) + five former Confederate states.
- Carried only: Massachusetts & Rhode Island + six "Solid South" states (AR, AL, LA, MS, GA, SC).
- Still won majorities in the 12 largest U.S. cities → foreshadowed New Deal urban, ethnic coalition.
- Anti-Catholic bigotry proved potent, yet:
- Immigrant-dense northern counties flipped Democratic for first time.
- African-American voters in the North began moving from GOP loyalty; by 1936 the realignment would be complete.
- Smith’s charisma, progressive record (child-labor laws, widow’s pensions) generated enduring working-class devotion.
Herbert Hoover: Reputation Pre-1928
- Nicknames: “The Great Engineer” (technical prowess) & “The Great Humanitarian” (WWI Belgian relief).
- Background highlights:
- Orphaned Iowa Quaker, raised Oregon; Stanford-trained mining engineer.
- Lived/worked on 5 continents; first West-Coast & first Quaker President.
- Commerce Secretary under Harding/Coolidge; tasks ranged from 1921 recession response to crafting 1927 Radio Act framework.
1927 Great Mississippi Flood & Relief Operation
- Scope: water from Cairo, IL → New Orleans (~1000 miles); devastation swath 50–150 miles wide; \sim1{,}000 dead, 1.5\text{ million} displaced; \approx\$1\text{ billion} property loss.
- Hoover led emergency efforts:
- Mobilized 33{,}000 workers; \$42\text{ million} (\frac{3}{4} private donations).
- Racial discrimination:
- Black refugees crammed into inferior camps, denied supplies; forced labor & restrictions on leaving to satisfy white planters.
- NAACP & Black press exposed abuse → Hoover convened interracial advisory commission; adopted reforms but systemic Jim Crow persisted.
- Net political effect: Hoover’s visibility, crisis competence, and partial outreach netted a large share of African-American vote in 1928.
1928 General Election & GOP Victory
- Public perceived Hoover as “America’s handy man,” contrasting Coolidge’s passivity.
- Hoover landslide carried both houses for Republicans → legislative mandate.
Foreign Policy Context: Kellogg-Briand Pact (Aug 27, 1928)
- Original signatories: U.S., France, Germany; later dozens.
- Renounced war as “instrument of national policy,” pledged peaceful dispute resolution.
- Seen by idealists as Wilsonian triumph; skeptics labeled it naïve; historians view it ironically in light of WWII.
- For voters: reinforced sense of perpetual peace paralleling belief in endless prosperity.
Hoover’s Governing Philosophy (“American Individualism,” 1922)
- Limited federal role; nurture robust civil society not large bureaucracy.
- Prefers voluntary cooperation & associative action over coercive mandates.
- Feared over-expansion of state → slide toward socialism; prized community-minded Quaker individualism (distinct from TR’s rugged frontier ideal).
- Personal trait: supreme self-confidence bred rigidity when facing unprecedented crises.
Early Presidential Actions (1929)
- Special congressional session → Agricultural Marketing Act: attempted to stabilize farm prices & handle surpluses.
- Mood remained ebullient; Hoover appeared to extend Coolidge prosperity.
Pre-Crash Economic Euphoria
- Economist Irving Fisher (Yale): “Stock prices have reached what looks like a permanently high plateau.”
- Prevailing beliefs underpinning optimism:
- Rising productivity & efficiency.
- Technological innovations & "scientific" corporate management.
- Better economic statistics.
- Hoover campaign rhetoric: U.S. "closer to the final triumph over poverty"; pledged "abolition of poverty." In hindsight, hubristic.
Stock Market Speculation Surge
- Americans funneled savings into equities; speculative mania.
- Buying on margin: investors borrowed up to 90\% of purchase price, using stock as collateral → amplified risk.
- The Nation (Aug 1928) cautioned that naïve “suckers” lured by easy riches were fleeced by commission-hungry brokers.
- By fall 1929, market reached “dizzying” highs, setting stage for impending crash (full collapse details beyond current transcript).
Ethical & Social Implications Discussed
- Anti-Catholic prejudice: tension between constitutional religious pluralism & sectarian bigotry.
- Racial injustice in disaster relief: early case study of federal aid filtered through Jim Crow; foreshadows distributive inequities in New Deal programs.
- Hoover’s associative voluntarism: raises philosophical debate over limits of private charity vs. necessity of state intervention—a debate that will intensify after the crash.
Connections & Forward Glance
- Smith’s urban ethnic coalition + Hoover Democrats → seeds of the New Deal coalition.
- Hoover’s flood experience informs later Great Depression response—but limits of voluntarism soon exposed.
- Kellogg-Briand optimism mirrors economic faith; both will be shattered by 1930s reality (Depression & rise of militarism abroad).