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Crime of 1873
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1874 Greenback Party forms
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APUSH 6.13

topic 6.13

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Crime of 1873 Congress stopped coining silver in the “Crime of 1873”→silver strikes in Nevada→demand to start using silver again to expand money supply
1874 Greenback Party forms 1860s, money not backed by specie issued as emergency measure→N. Farmers got high prices for war, prospering→Specie Resumption Act withdrew them as creditors & investors thought it violated natural law→Greenback Party formed, who supported the money
1878 Bland Allison Law passed over Hayes’ veto Limited coinage $2-4 million in silver each month at the standard silver-to-gold ratio of 16 to 1. This didn’t satisfy farmers and others, pushing for unlimited coinage
Mugwumps those who did not do patronage; made fun of for sitting on the fence with mugs and wumps on different sides
Party Patronage game of winning elections, and giving govt jobs to supporters Stalwarts-led by Rep. Senator Roscoe COnkling in NY Customs House Halfbreeds-rivals of Stalwarts, led by Rep. James G. Blaine
1881 In the Election of 1880, the Halfbreed James A. Garfield won, and mostly gave jobs to his “faction”→a Stalwart officer in 1881 shot him while he was boarding a train for summer vacation
1883 Pendleton Act made Civil Service Commission, people competed w/ exam scores for jobs+kept civil servants from making political contributions→politicians switched getting sponsored by party members to by the rich
Election of 1888 Republicans won the electoral vote, unusually controlling presidency & both houses for next two years
1890 Republicans passed unpopular legislation-prohibiting alcohol & laws making business close on SUnday→voters who were not Anglo-SAxon or Protestant reelected Democrats in Elections of 1890
Omaha Platform Direct popular election of Senators vs by state legislature Initiatives & referendums allowing people to directly vote on legislation Unlimited silver coinage Graduated income tax-higher income, higher tax paid 8hr workday for industrial workers
Republican Supporters often waved the “bloody shirt” to get votes from veterans, reminding how Lincoln was killed by a Democrat Hamiltonian, Whig ideas→pro-business w/ high tariff Middle class, reformers, Anglo-Saxon PRotestants, African-Americans
Democrat Supporters Catholics, Lutherans, Jews who objected temperance * other mvmts, northern support from political machines & immigrants Jeffersonian ideas→states’ rights & limiting govt power
McKinley Tariff Act of 1890 ↑tariff to peacetime high of 48%
Sherman Antitrust Act of 1890 first attempt to regulate big business, imposing strict fines for now illegal trusts
Sherman Silver Purchase Act of 1890 silver strikes in Nevada→↑coinage of silver, not enough for farmers or miners though
Gold Bug Democrats those who split and made the National Democratic Party or voted Republican because they favored the gold standard, loyal to Cleveland
1892 Populist Party forms based on Omaha Platform Growing Southern & Western agrarian discontent→farmers’ ALliances met in Omaha, Nebraska in 1892: Omaha Platform
Election of 1896 WIlliam Jennings Bryan was elected for his “Cross of Gold” Speech by prosilver Democrats, going for an unlimited silver coinage of 16:1→the Populist’s main issue was taken over
Election of 1896 Pt 2 Republicans elected WIlliam McKinley of Ohio & Marcus(Mark) Hanna(financial power behind McKinley’s nomination), running for a ↑tariff & blaming Democrats for Panic of 1893
Election of 1896 Pt 3 Hanna did most of the campaigning, funded by big business leaders who feared “silver lunacy” inflation Bryan used charisma, traveling nationwide & giving 600+ speeches Silver votes split between Populists & Democrats
Election of 1896 Pt 4 Bryan's support died out since: Wheat prices↑, farmers less desperate Employers said factories will close if Bryan won
Impacts of Election of 1896 THe Election of 1896 was a win for the big business, conservative economic, & middle class values, and rural American identity’s last hurrah for yeomanism
Mckinley's Luck McKinley was lucky to get into office during economic revival-gold strikes in 1897, Alaska, ↑money supply, inflation, and the stock market-he was the leader during the SPanish-American war
Impacts of Election of 1896 Part 2 Republicans dominant in 7/9 prez elections & both houses 17/20 next sessions→Democrats were a defeated, sectionalist host of remaining Populism, which declined after 1896→in the Progressive era(1900-17), both parties took on parts of the Populist agenda
Created by: L.D
 

 



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