as a result the populists decided to go wbryan and

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Unformatted text preview: their securities. - As a result, the Sherman Act was repealed in 1893, but people STILL didn’t stop, which forced Cleveland to accept an offer from J.P. Morgan (in return for bonds, which they resold for profit). This got Cleveland in trouble with his fellow Democrats and wasn’t even that 157 beneficial, as the economy crashed again in 1895 before it began to rise back up due to gold discoveries in Alaska, good harvests, and industrial growth. - Strangely enough, the Depression was the last element in cementing the new national economy, b/c it wiped out lots of the weaker industries, I guess. *Depression Era Protests* - The first real protests were in 1877 [the RRD strikes], and they were followed by the Haymarket Riot (1866), Carnegie Steel strikes in 1892, violence at a silver mine (also in 1892), etc. These events scared the crap out of many well-off people, who thought, “Oh my GOD …the ANARCHISTS are behind it all.” - This actually wasn’t true at all, though. There were some sots in America, but it didn’t work out so well b/c of factionalism and the constant temptation to get ahead via the capitalist system. The biggest sot leader, Eugene V. Debs, emerged in the aftermath of the 1894 Pullman car strike – but e/t he did form the Sot Party of America, not much came of it until the next century. - In 1894, another popular movement, Coxey’s Army, got a lot of attention. Coxey, who advocated public works projects and low-interest gov’t loans, led a huge number of farmers/unemployed people on a march to the capital. On the day of the demonstration, however, police stopped the protestors and arrested Coxey. *The Election of 1896* 158 - The Populists prepared to run again in the Presidential Election of 1896 – they were doing well, but their biggest problem was lack of organization, and the effects of racism. The big issue, as they saw it, was the coinage of silver, which they promoted as the obvious sol’n to the country’s economic problems. - But Popu...
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This note was uploaded on 04/02/2014 for the course APUSH AP United taught by Professor Orban during the Fall '10 term at Harrison High School, Harrison.

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