Al Smith lost the 1928 presidential election,in part because

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Al Smith failed to carry the South, which was crucial for winning the presidential election at that time. His opponents exploited his Catholic heritage, his opposition to Prohibition and his links to the big city political machines which made him unpopular in the South. While his connections to the oil industry were used to smear his reputation, this was not the main reason for his loss. Additionally, there is no mention of a financial scandal within his campaign.

Al Smith Lost the 1928 Presidential Election,in Part Because