Politics and Reform. Clean-up Politics 1. Rutherford B. Hayes- condemned Spoils System 2. James Garfield a. Pendleton Act- government jobs given by means.

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Presentation transcript:

Politics and Reform

Clean-up Politics 1. Rutherford B. Hayes- condemned Spoils System 2. James Garfield a. Pendleton Act- government jobs given by means of the merit system

Business Influence A. Grover Cleveland 1 st Democratic president in 28 years 1 st Democratic president in 28 years Only president to serve two nonconsecutive terms Only president to serve two nonconsecutive terms

Business Influence B. Benjamin Harrison: Republican 1. McKinley Tariff- raised tariffs to highest levels 2. Sherman Anti-Trust Act- to prevent monopolies by making it illegal to establish trusts

Populism Sought to advance in the interests of farmers and laborers Sought to advance in the interests of farmers and laborers

Populism A. Unrest: Prices dropping due to technology 1. Money Supply: a. Deflation- prices fall, value of $ increases b. Problem for farmers 2. “Crime of ’73”: Gold became the only metallic standard

Populism B. Recession of Farm prices fell, businesses failed i. Debt & unemployment

Populism C. Farmer’s Alliance (Texas 1877) 1. People’s Party or Populists a. Wanted free coinage of silver b. Sherman Silver Act

Panic of Crisis of U.S. Treasury a. Stock market crashed b. 15,000 businesses and 500 banks collapsed c. 1/5 unemployed

Election of Populists endorse William Jennings Bryan (Dem.) 2. Republican: William McKinley wins Populism collapses Populism collapses

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