Post Civil War 2/18 Flashcards
Who was blamed for the depression of 1893?
Grover Cleveland
What did wage earners not like?
Economic policy
In 1894 who got Congress?
Republicans
What did the Wilson-Gorman Tariff act do?
Lower tariff to 39.9%
Why did the support to Grover Cleveland stop?
Campaign promises not kept
What did the Ways and Means committee do foe income tax?
2% income tax on $4000 yr. & more
What did the Supreme Court do about the income tax?
Supreme Court ruled it unconstitutional
What date was the financial Panic and depression?
May 5, 1893
What did the Financial Panic and Depression do?
Stocks plunged
4 mil unemployed
Farm prices dropped
One of the worst depressions in US history
How does Cleveland react to the Financial Panic and Depression?
Cleveland reacts too little…too late
In the election of 1896 who ran for the Republicans and what was his standard?
William McKinley
Gold standard of currency
In the election of 1896 who ran for the Democrats and what were his standards?
William Jennings Bryan
Silver standard of currency
What numbers did they have?
McKinley: 271
Bryan: 176
What happened with the Dingley tariff of 1897?
Raised tariff to 57%
Prosperity came from the depression
1897 new cooperation
By 1900 progressive movement
Where did US extend influence?
In the Pacific Ocean islands, Caribbean islands, Far East
