Unit 2 Topic 1 Flashcards
(45 cards)
The party system
- republicans
- democrats
- political stalemate(BC parties aren’t talking about problems they will fix from guided age)
The politics of equilibrium
- the party system
- national government
- new public issues
National government
- few responsibilities
- sided with big business
New public issues
- tariff
- Sherman anti-trust act(1890)
Sherman anti-trust act(1890)
- Weaken power of big business
- Worded&interpreted vaguely
- Against law to do trust but didn’t really work
Congress
Writes laws
President
Enforces laws
Juridical
Translates laws
Populist
Someone trying to fit in with regular people
Inflation
Increase of prices
Agrarian
Farming
Platform
Party views
Socialism
Hands on; everything equal
Deflation
- Currency stays the same products increase cost goes down
- Gold standard
- Agrarian over production
Gold standard
Value of money “a dollar” is equivalent to gold
Farmers alliance
- collectively comfort agrarian problems
- brainstorm ways they’d help each other
- became political organization
The people’s party
- Ideas to help the regular people
- Omaha platform
Omaha platform
- Met in Nebraska; wanted to shift power from eastern cities
- Government help farmers; wanted regulation of RRs
- Reach out for people like them
Free silver
To make it into coins
More currency
Currency to inflate
Every oz of gold=16oz of silver
Election of 1892
- Grover Cleveland(has served as president; supports laize fair; big businesses)
- Benjamin Harrison(republican supports big business)
- James b weaver
Winner- Grover Cleveland
James B. Weaver
- Wants free silver+ better working conditions
Panic of 1893
- 2 railroad companies collapsed
- stock market crashed
- businesses failed across America
- four year depression(unemployment rate raised; people start believe need more than just gold)
Election of 1896
- William McKinley
- democrat convention(William Jennings Bryan)
-McKinley won
William McKinley
Republican politician
Favors gold standard
Connection w/ big business
Did what big businesses wanted