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bloody shirt, veterans of the Union army, reformers, African Americans, Anglo-Saxon Protestants, temperance, Hamiltonian tradition, Whig past, pro-business, solid South, former states of the Confederacy, big-city political machines, immigrant voters, Catholics, Lutherans, Jews, Jeffersonian tradition, states' rights, limited federal power, rise of the Populists, Farmers' Alliances, Omaha Platform, government ownership, Thomas Watson, election of 1892, Grover Cleveland, Panic of 1893, march to Washington, Coxey's Army, Coin's Financial School, election of 1896, William Jennings Bryan, Cross of Gold speech, unlimited coinage of silver, Gold Bug Democrats, William McKinley, high protective tariff, Marcus/Mark Hanna, gold standard, mass media, racism, Era of Republican dominance, first modern president
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politics in the Gilded Age
political stalemate
avoided strong positions on issues, no active legislative agenda
solely focused on holding office and giving supporters jobs (patronage)
high voter turnout
Republicans in the Gilded Age
“bloody shirt” - reminding veterans of the Union army of Anti - Democrat sentiment in the Civil War
antislavery past → support of reformers and African Americans
most strength from businessmen and middle-class Anglo-Saxon Protestants who supported temperance (prohibition)
Hamiltonian tradition and Whig past - pro-business economics, high protective tariffs
Democrats in the Gilded Age
support from every state in the “solid South” (former states of the Confederacy)
some parts of the North: big-city political machines and immigrant voters
Catholics, Lutherans, and Jews - anti-temperance (prohibition was considered Protestant and Republican)
Jeffersonian tradition - states’ rights and limited federal power
Rise of the Populists
Farmers’ Alliances’ discontent in the west and south in 1890s
Omaha Platform - formed by Alliance movement calling drafting political platform against concentration of economic power held by trusts and bankers
political reform goal of increasing power of common voter
economic goals: unlimited coinage of silver/increased money supply, graduated income tax, government ownership, loans and federal warehouses, 8 hour day for industrial workers
anti Laissez-Faire, attempted to politically unite black and white farmers to join the People’s Party
election of 1892
Democratic Grover Cleveland’s second (non-consecutive) term due to unpopularity of Republican tariffs
Depression politics
Panic of 1893 - stock market crashed due to over speculation, railroad bankruptcy due to overbuilding
Cleveland promoted gold standard and did not intervene
decrease of U.S. Treasury gold supply - Cleveland borrowed money from banker J. Pierpont Morgan
Wilson-Gorman Tariff (1894) - moderate reduction in tariff rates, income tax, declared unconstitutional by Supreme Court
march to Washington (1894) - Populist led thousands of unemployed to demand that the federal government spend money on programs to create jobs, leaders arrested
Coin’s Financial School (1894) by William H. Harvey - argued that depression was caused by conspiracy of rich bankers, assumed prosperity would return if government started coining silver
election of 1896
Republicans’ William McKinley elected
funded by Marcus/Mark Hanna, campaigned by being sold through mass media
blamed Democrats for the Panic of 1893, promised a strong and industrial nation through high protective tariffs (still considered friend of labor) and upholding the gold standard
Democrats and Populists nominate William Jennings Bryan
Cross of Gold speech supporting unlimited coinage of silver
Gold Bug Democrats - conservative Democrat faction including Cleveland that did not support unlimited coinage of silver
significance of the election of 1896
Populist decline - racism was stronger than common economic interests
Era of Republican dominance and aiming for candidates’ favorable publicity in print newspapers
Urban dominance over rural America
McKinley as the first modern president - helping the U.S. become a major player in international affairs