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He believed that if left alone, the economy would heal itself on its own. By 1932, ninety thousand businesses and nine thousand banks had failed. Workers incomes had dropped 40percent and unemployment had raced to 25 percent. It was clear that Hoover had failed as a president and the public turned to FDR for an answer. FDR argued that his ?New Deal' would solve the economic hardships. In reality it was nothing but illusion. There was no plan, and in fact Roosevelt's advisers were frequently at odds about which path to follow.
Riding a wave of popular support and great expectations Roosevelt faced a unique political climate...
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