Presidents and their Policies

Question 1

when was Benjamin Harrison’s term dates

Answer 1

1889-1893

Question 2

give Harrison’s Acts and the years they were passed

Answer 2

Sherman Silver Purchase Act 1890 (gov bought $4.5 mil of silver at market price for coinage)
McKinley Tariff Act

Question 3

when was the depression

Answer 3

1893

Question 4

give 3 stats about the 1893 depression

Answer 4

• May 1893, 24 businesses failed per day
• 150,000 companies and 600 banks closed
• national unemployment rate reached 20%

Question 5

give a stat about iron that shows industrial growth before the depression

Answer 5

1860-1900 iron production rose from 920,000 to 10.3mil tonnes

Question 6

give a stat on oil that shows industrial growth before the depression

Answer 6

1907 Oklahoma = lead oil producers produced 25% of nations oil

Question 7

give a stat on electricity that shows industrial growth before the depression

Answer 7

Pupont firm controlled 85% of national electric power

Question 8

why was Cleveland so heavily criticised (4)

Answer 8

• had laissez faire attitude towards economy
• repealed Silver Purchase Act 1893 stuck to gold standard
• 1895 had financial backing from Wall Street
• sides with Wall Street over the w/c

Question 9

give a statistic showing Cleveland’s backing from Wall Street

Answer 9

JP Morgan and others loan $62mil to prop up gold reserves