The election took place roughly a year after the previous election, but political and economical instability caused by the Great Depression which took its bottom point in mid-1932, did only make the situation turn worse. President Montero had to resign shortly after a mutiny led by Marmaduque Grove, who headed the Socialist Republic of Chile until being overtrown by former-ally Carlos Davila who also became overtrown, this time by Bartolome Blanche who after his downfall Abraham Oyanedel became head of state. The return of Alessandri became so highly awaited that he won the election in a landslide ending a turbulent and bitter year for the country, being considered today as the worst one in Chilean history.
The presidential election was held using the absolute majority system, under which a candidate had to receive over 50% of the popular vote to be elected. If no candidate received over 50% of the vote, both house of the National Congress would come together to vote on the two candidates that received the most votes.