Democratic Nomination

Democratic Nomination - Democratic Nomination William...

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Democratic Nomination – William Jennings Bryan i. Labor and debtor groups disliked Cleveland for: 1. Interference in the Pullman Strike 2. The Morgan bond deal 3. Stubborn hard-money policies ii. William Jennings Bryan from Nebraska, who the best orator of his day. He delivered a speech that favored silver in his “Cross of Gold” speech. In it, he said: 1. We will answer their demands for a gold standard by saying to them…You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold 2. It criticized the gold standard and supported the coinage of silver 3. After the speech, Bryan was nominated iii. Platform: 1. Inflation through the unlimited coinage of silver at the ratio of 16 ounces of silver to 1 of gold (market ratio was 32 to 1 – which meant that the silver in a dollar would be worth about 50 cents) iv. Democrats who favored gold split from the party (Gold Bugs) v. Populists also favored 16 to 1, so most threw their support to Bryan, fearing that McKinley and his hard-money policies would gain office XVII.
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