Economic and Business Policies
McKinley Tariff (1890): Raised tariffs to 49.5%, benefiting big businesses but hurting farmers.
Sherman Antitrust Act (1890): First federal law against monopolies, though weakly enforced.
Billion-Dollar Congress: Increased federal spending, leading to criticism.
Labor and Domestic Issues
Homestead Strike (1892): Violent steelworker strike crushed by private security forces.
Forest Reserve Act (1891): Allowed the president to set aside land for conservation.
Foreign Affairs
Strengthened the U.S. Navy, modernizing warships.
Pushed for Hawaiian annexation, though it was later delayed by Cleveland.
Cold and reserved, often criticized for lacking charisma.
Grandson of President William Henry Harrison.
Lost reelection in 1892 due to economic downturn and unpopular tariffs.
Economic Crisis and Government Response
Panic of 1893: Worst economic depression of the 19th century. Cleveland refused government intervention.
Gold Standard Defense: Repealed the Sherman Silver Purchase Act, alienating farmers and pro-silver advocates.
Labor and Social Unrest
Pullman Strike (1894): Sent federal troops to break railway strikes, resulting in violence.
Foreign Policy
Opposed the 1893 overthrow of Queen Liliuokalani in Hawaii but failed to restore her to power.
Blunt, anti-corruption, and pro-business; refused to cater to populists.
Only president to serve two nonconsecutive terms.
Unpopular due to economic hardship, leading to a Republican victory in 1896.
Economic Growth and Currency Stability
Dingley Tariff (1897): Raised tariffs to protect U.S. industries.
Gold Standard Act (1900): Established gold as the sole standard for U.S. currency.
Imperialism and War
Spanish-American War (1898): Defeated Spain and acquired Philippines, Guam, and Puerto Rico.
Annexation of Hawaii (1898): Secured strategic naval bases in the Pacific.
Philippine-American War (1899-1902): Brutal guerrilla conflict in the newly acquired Philippines.
Foreign Trade and Diplomacy
Open Door Policy (1899): Prevented European nations from carving up China.
Calm, strategic, and pro-business.
Popular due to economic recovery and war victories.
Assassinated in 1901, leading to Theodore Roosevelt’s presidency.
Progressive Reforms and Labor Rights
Trust-busting: Used the Sherman Antitrust Act to break up monopolies like Standard Oil.
Hepburn Act (1906): Strengthened railroad regulations.
Pure Food and Drug Act (1906): Led to the creation of the FDA.
Foreign Policy & Imperialism
Panama Canal Construction (1904-1914): Ensured U.S. naval dominance.
Roosevelt Corollary (1904): Gave the U.S. the right to intervene in Latin America.
Great White Fleet (1907-1909): Sent U.S. warships worldwide to display power.
Conservation Movement
Created national parks, forests, and wildlife reserves.
Energetic, aggressive, and loved publicity.
Champion of the "strenuous life."
Declined to run in 1908 but returned in 1912 as a third-party candidate.
Trust-busting and Business Regulation
Broke up twice as many monopolies as Roosevelt.
Mann-Elkins Act (1910): Gave more power to regulate railroads.
Foreign Affairs
Dollar Diplomacy: Encouraged U.S. investment in Latin America and China.
Tariffs and Party Division
Payne-Aldrich Tariff (1909): Angered progressives by failing to lower tariffs significantly.
More comfortable as a judge than a politician.
Struggled with leadership and lost progressive support.
Later became Chief Justice of the Supreme Court.
Economic and Social Reforms
Federal Reserve Act (1913): Created the modern central banking system.
Clayton Antitrust Act (1914): Strengthened anti-monopoly laws.
World War I (1917-1918)
Declared war after Germany resumed unrestricted submarine warfare.
Espionage & Sedition Acts (1917-1918): Criminalized anti-war speech.
Postwar Diplomacy & League of Nations
Proposed Fourteen Points and the League of Nations.
U.S. never joined due to Senate opposition.
Idealistic, intellectual, and rigid.
Suffered a stroke in 1919, leaving him incapacitated.
Pro-business and Isolationist Policies
"Return to Normalcy" (1920): Ended progressive reforms.
Washington Naval Conference (1921-1922): First major arms reduction treaty.
Corruption and Scandal
Teapot Dome Scandal (1921-1923): Bribery over oil leases.
Friendly but weak-willed; heavily influenced by corrupt advisors.
Died suddenly in 1923.
Laissez-Faire Economics
Cut taxes and government spending.
"The business of America is business."
Immigration and Foreign Policy
Immigration Act of 1924: Severely restricted immigration.
Nicknamed "Silent Cal."
Pro-business, avoided activism.
Stock Market Crash (1929) and Great Depression
Opposed direct government intervention.
Smoot-Hawley Tariff (1930): Worsened economic collapse.
Humanitarian but lacked political skills.
New Deal (1933-1939): Major government intervention in the economy.
World War II (1941-1945): Led the U.S. to victory.
Charismatic, master communicator.
Died in office in 1945.