Period 6 1865-1900 2/19+20/2025 Flashcards
(100 cards)
Who was the Populist candidate in the Election of 1892?
James Weaver from Iowa
How many votes did James Weaver win in the Election of 1892?
1 million votes
How many electoral votes did the Populist candidate win in the Election of 1892?
22 electoral votes
In which regions did the Populist ticket lose badly in the Election of 1892?
The South
What demographic group did the Populist Party fail to attract in the North during the Election of 1892?
Urban workers
What was the fear of conservative southern Democrats during the Election of 1892?
Populists uniting poor blacks & whites
What techniques did conservative southern Democrats use to disenfranchise voters?
Every technique possible
What was a major reason for the Populist Party’s loss in the Election of 1892?
Focus on farming issues
Who were the major candidates in the Election of 1892?
President Harrison and former President Cleveland
Who won the Election of 1892?
Former President Cleveland
What was notable about Cleveland’s victory in the Election of 1892?
He won a solid victory in both the popular and electoral vote
What contributed to Cleveland’s victory in the Election of 1892?
Unpopularity of the high-tax McKinley Tariff
What historic achievement did Cleveland accomplish in the Election of 1892?
First and only former president to return to the White House after leaving
What economic event occurred shortly after President Cleveland took office?
The Panic of 1893
This event marked one of the worst and longest depressions in U.S. history.
What was a major cause of the stock market crash in 1893?
Over-speculation
This led to significant financial instability and contributed to the overall economic downturn.
What happened to many railroads during the Panic of 1893?
Dozens of railroads went into bankruptcy due to overbuilding
The overexpansion of railroads was unsustainable and contributed to the economic crisis.
How long did the depression following the Panic of 1893 last?
Almost four years
The economic struggles persisted well into the late 1890s.
What was the unemployment rate during the Panic of 1893?
20% of the workforce
This high unemployment rate reflected the severe economic conditions of the time.
What did many people rely on during the Panic of 1893?
Soup kitchens and riding the rails as hoboes
This indicates the level of desperation faced by many individuals during the depression.
How did President Cleveland’s approach to the economy change after the 1880s?
He became more conservative and adopted a hands-off policy
This shift in policy was evident in his response to the economic crisis.
What monetary standard did President Cleveland champion during the Panic of 1893?
The gold standard
Cleveland believed in maintaining the gold standard to stabilize the economy.
What event encouraged investors to trade their silver dollars for gold dollars?
A decline in silver prices
This shift was significant in the context of the gold standard and its impact on the economy.
What happened to the gold reserve held by the U.S. Treasury?
It fell to a dangerously low level
This situation raised concerns about the stability of the U.S. dollar.
What action did President Cleveland take in response to the low gold reserve?
Repealed the Sherman Silver Purchase Act of 1890
This act was initially intended to increase the amount of silver in circulation.