Political maneuvering of the late 19th century. Benjamin Harrison and the Republicans 1889-1893 n Republicans reclaim the White House and Congress. n.

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Political maneuvering of the late 19th century

Benjamin Harrison and the Republicans n Republicans reclaim the White House and Congress. n Thomas (Czar) Reed. Republican Speaker of the House. Responsible for reorganizing House rules for the majority party. n Billion-dollar Congress.

Domestic legislation Reduce the Surplus in the budget. n Pension Act of Increased pensions for Civil War vets. Money matters. n Sherman Silver Purchase Act of Increased government purchases and coinage of silver. Supported by Southern and Western

“Silver and gold” Farmers. Thought it would raise prices and ease debt payments. n Inflation n McKinley Tariff Bill of Raised tariffs to a peacetime high. Caused a backlash in the Mid-West which could be seen in the election of 1890.

The Populist Challenge Mainly farmers from the West and South. Platform n Free and unlimited coinage of silver 16:1 n Graduated income tax. n Government ownership of the telephone, telegraph and railroads.

Election of 1892 n James Weaver. Good showing in the election. 22 electoral votes and over 1 million popular votes. All farming states. (mid-west and west) n White Southerners did not support due to Southern African-American farmers supporting the Populist Party. n Grover wins again.

Significance of the Election of 1892 n Disenfranchisement of blacks and Jim Crow. n Democrats get another crack at the White House. n Strong showing for a third party, with the hope of 1896 on the horizon. n Backlash from the Homestead Strike.

Cleveland’s “Second”Administration n Depression of 1893 Brought on by overspeculation, overbuilding, labor strife, and farm problems. n Gold reserves dropped to a dangerously low level as people traded in paper for gold. n Repealed the Sherman Silver Purchase Act of 1890

More Grover n Deal with J. P. Morgan. “When you sup with the devil, it is best to use a long spoon.” n Coxey’s Rebellion. n Pullman Strike. Federal troops used. The mail? n Eugene V. Debs. Socialist to be.

Out with Grover n Wilson-Gorman Act New slightly lower tariff and a tax of 2% on incomes over $4000. (The Supreme Court found the tax violated the direct tax clause of the Constitution. 16th Amendment)

Election of 1896 n Let’s fill in the blanks.