Meanwhile, dramatic changes had occurred in the United States. The climax of Coolidge prosperity came in 1928. The president—somewhat cryptically, as was his wont—decided not to run again, and Secretary of Commerce Hoover, whom he detested, easily won the Republican nomination. Hoover was the intellectual leader, almost the philosopher, of the New Era. American capitalists, he believed, had learned to curb their selfish instincts. Voluntary trade associations could create “codes of business practice and ethics that would eliminate abuses and make for higher standards.”
Although stiff, uncommunicative, and entirely without experience in elective office, Hoover made an admirable candidate in 1928. His roots in the Midwest and West (Iowa-born, he was raised in Oregon and educated at Stanford University in California) neatly balanced his outstanding reputation among eastern business tycoons. He took a “modern” approach to both capital and labor; businessmen should cooperate with one another and with their workers too. He opposed both unionbusting and trustbusting. His career as a mining engineer had given him a wide knowledge of the world, yet he had become highly critical of Europe.
The Democrats, having had their fill of factionalism in 1924, could no longer deny the nomination to Governor Al Smith. Superficially, Smith was Hoover’s antithesis. Born and raised in New York’s Lower East Side slums, affable, witty, determinedly casual of
Herbert Hoover relaxes during the 1928 presidential campaign.
"That man has been offering me advice for the last five years,” President Coolidge said of his secretary of commerce, "all of it bad.”
Manner, he had been schooled in machine politics by Tammany Hall. He was a Catholic, Hoover a Quaker, a wet where Hoover supported prohibition; he dealt easily with people of every race and nationality, while Hoover had little interest in and less knowledge of African Americans and immigrants. However, like Hoover, Smith managed to combine a basic conservatism with humanitarian concern for the underprivileged. As adept in administration as Hoover, he was equally uncritical of the American capitalist system.
In the election Hoover won a smashing triumph, 444 to 87 in the Electoral College, 21.4 million to 14 million in the popular vote. All the usually Democratic border states and even North Carolina, Florida, and Texas went to the Republicans, along with the entire West and the Northeast save for Massachusetts and Rhode Island.
After this defeat the Democratic party appeared on the verge of extinction. Nothing could have been further from the truth. The religious question and his big-city roots had hurt Smith, but the chief reason he lost was prosperity—and the good times were soon to end. Hoover’s overwhelming victory also concealed a political realignment that was taking place. Working-class voters in the cities, largely Catholic and unimpressed by Coolidge prosperity, had swung heavily to the Democrats. In 1924 the twelve largest cities had Been solidly Republican; in 1928 all went Democratic. In agricultural states like Iowa, Smith ran far better than Davis had in 1924, for Coolidge’s vetoes of bills designed to raise farm prices had caused considerable resentment. A new coalition of urban workers and dissatisfied farmers was in the making.
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