Which was true about the economy when Franklin Roosevelt campaigned for president?

These are the options for the question:

It was in a serious depression.

It was recovering from a depression.

It was in a strong position.

It was in a stable position.

And this is the correct answer:

It was in a serious depression.

Explanation:

Franklin Roosevelt campaigned for president in 1932, and was elected for the first of his four periods in 1933. During this years, the American economy was in a serious depression that started with the stock market crash of 1929.

Roosevelt thought that his predecessor, Herbert Hoover, had been ineffective, and promised radical reforms to alleviate the millions of Americans that were in poverty at the time.

He promised a series of economic programs known as the New Deal. They mostly consisted of increases in government spending (expansionary fiscal policy).