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Gilded Age Politics: 1893-96. The Panic of 1893 The Silver Movement The Election of 1896. The Depression of 1893. 1892: Cleveland wins, Dems huge victory The Panic of 1893: Stocks crash, 15,000 bankruptcies, 20% unemployment, fear

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gilded age politics 1893 96

Gilded Age Politics: 1893-96

The Panic of 1893

The Silver Movement

The Election of 1896

the depression of 1893
The Depression of 1893
  • 1892: Cleveland wins, Dems huge victory
  • The Panic of 1893: Stocks crash, 15,000 bankruptcies, 20% unemployment, fear
  • Coxey’s Army: unemployed demand public works projects. They Swarm on Capital.
  • Pullman Strike: Company Town, ARU & Debs join strike, riot, troops called in.
  • Coal Strike: 170,000 strike, ethnic tension
cleveland s response
Cleveland’s Response
  • Repeals Sherman Silver Purchase, which he

thought caused the depression

  • This lowers money supply
  • J. P. Morgan raises $50 in gold
  • Cleveland fails to lower tariff
  • No sympathy for Coxey and strikers
  • Ends career, hated by millions
  • 1894 Midterm Elections: GOP historic victory,
    • GOP will dominates till the Great Depression
rise of labor unions end of ch 18
Rise of Labor Unions (end of ch 18)
  • Problems w/ industrial labor: repetitive,
    • Long hours, dangerous, low pay, strict
  • Knights of Labor: skilled, unskilled, blacks
    • 8 hour day, no strikes, died 1892
  • Public Perception: foreign, radical, violent
  • Strikes: Haymarket (86), Homestead (92)
  • AFL: Craft & skilled workers, white men
    • Gompers: pragmatic, work with management
    • Strike for limited goal, 1900 1 m members
social and literary changes
Social and Literary Changes
  • Work: women & children go back to work
  • New Realism: Real life depictions
  • Mark Twain, Stephen Crane, Jack London and Theodore Dreiser
  • Silver Movement: Many had almost religious faith that silver would restore prosperity. Wizard of Oz
election of 1896
Election of 1896
  • GOP: William McKinley, solid, pro gold,
  • Democrats and Populists: William Jennings Bryan, pro silver, religious
  • “Cross of Gold” Speech: Handout
  • First Modern Campaign: Bryan campaigns all over country. McKinley stays on front porch and used mass media.
  • GOP start 30 years of dominance
bryan s cross of gold speech
Bryan’s Cross of Gold Speech

Most famous American political speech

Themes:

Populism: appeal to the common man,

fear of the elites

Agrarian myth: family farmer bedrock of

American democracy

Pro Silver: silver will solve all problems

Religion: heavy use of religious imagery