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The election of 1896

The election of 1896 - The election of 1896 The Democrats...

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Unformatted text preview: The election of 1896. The Democrats were certainly hurt by the Panic of 1893; both the Republicans and Populists gained seats in the 1894 congressional elections. As the country anticipated the presidential campaign of 1896, it was clear that the main campaign issue would be whether to have a silver or gold monetary standard. The Republicans nominated William McKinley of Ohio on a platform supporting the gold standard and high tariffs. Democrats were split between the silverites, who supported a silver standard, and the goldbugs, who supported currency that was based on gold. Silverite William Jennings Bryan, a former Congressman from Nebraska, guaranteed himself the Democratic nomination through his famous “Cross of Gold” speech before the convention. The selection of Bryan created a serious problem for the Populists. Party leaders realized that running their own Bryan created a serious problem for the Populists....
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