lecture 9-17

lecture 9-17 - 9/19/2007 1:19:00 PM Self made man Rags to...

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19/09/2007 12:19:00 Self made man Rags to riches mentality Through hard work and honesty, can become self-made Horatio Alger Wrote a series of books that were rags to riches stories Herbert Spencer-“ survival of the fittest” Social Darwinism o Based on “Origin of Species” o Existing species evolved through natural selection o By being based on science people were more likely to believe o Argued there should be no outside interference in business Political Parties Believe most of the same things in late 1800s Such a balance of power, neither side gets anything done States evenly divided between parties o Repub 16 / 14 Dem  o A few swing states Repub held Presidency from 1876 -1892 o Very close races Senate maj= repub  House= maj dem
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Party loyalty  o not issue driven High voter turn-out Gold standard Paper currency backed with gold 16:1 with silver Gold rush flooded market with gold, gov stopped accepting silver Free silver Silver rush deflates value of silver Unlimited coining of silver Farmers also wanted this to inflate currency Crime of 1873 What people called the shift to gold standard Believed this only helped the wealthy Sherman silver purchase act (1890) U.S. treasury had to agree to buy millions of pounds of silver every month Act did not mean that GOV had to coin silver People turned money in for gold Spoils system ( partronage ) Victorious party rewards party with job Civil Service Reformers want to get rid of this
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Mugwumps Reformers in repub party Stalwarts  Opposers in repub party Half-breeds In between James A. Garfield Mugwump Repub Party Nominee (1880) Chester A Arthur VP nominee ( stalwart ) Charles Guiteau Stalwart who assassinated Garfield Lost his job because of reforms Made people feel that the spoil system produced this guy Pendleton Civil Service Act ( 1883 ) Established entrance exams for certain civil service jobs ( 10% ), 50% by  1897 Grover Cleveland ( 1884 ) First dem since before civil war Known as a veto man in congress in NY Helped cleaned up politics 
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Did not like tariffs because it gave the Gov a surplus of money At State of the Union address 1887 asks to lower tariffs, house agreed Benjamin Harrison Repub candidate of 1888 Runs on fear campaign of people losing their jobs Wins election Mckinley Tariff ( 1890 ) Raised duties 50% Highest in 60 years Public did not support tariff Repubs spend surplus Election of 1892 Cleveland comes back into office o Guided by capitalist ideas
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lecture 9-17 - 9/19/2007 1:19:00 PM Self made man Rags to...

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