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AMSCO AP US History Chapter 19 Flashcards

AMSCO United States History 2015 Edition, Chapter 19 The Politics of the Gilded Age, 1877-1900

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8817816467laissez-faire economics and politicsThe idea that government should do little to interfer with the free market. (p. 380)0
8817816474patronage politicsThe use of government resources to reward individuals for their electoral support. (p. 381)1
8817816475corrupt politiciansParty patronage, the process of providing jobs to faithful party members was more important than policy issues during the Gilded Age. (p. 381)2
8817816491Stalwarts, Halfbreeds, and MugwumpsGroups which competed for lucrative jobs in the patronage system. (p. 381)3
8817816493assassination of James GarfieldPresident James Garfield was shot while preparing to board a train. He died after an 11 week struggle. (p. 383)4
8817816494Chester A. ArthurHe became president after James Garfield died of a gun shot wound. (p. 383)5
8817816495Pendleton Act of 1881Set up by the Civil Service Commission, it created a system where federal jobs were awarded based on competitive exams. (p. 384)6
8817816498Grover ClevelandIn 1884, he was elected president of the United States. He was the first Democratic president since 1856. (p. 383)7
8817816505"hard" money vs. "soft" moneyMoney backed by gold vs. paper money not backed by specie (gold or silver). (p. 384)8
8817816506banks, creditors vs. debtorsDebtors wanted more "easy, soft" money in circulation. On the opposite side creditors stood for "hard, sound" money - meaning currency backed by gold. (p. 384)9
8817816507Panic of 1873, "Crime of 73"Congress stopped making silver coins. (p. 385)10
8817816508Specie Resumption Act of 1875Congress sided with creditors and investors when it passed this act which withdrew all greenbacks (paper money not backed by gold or silver) from circulation. (p. 385)11
8817816509Greenback partyThis political party was formed by supporters of paper money not backed by gold or silver. (p. 384)12
8817816510James B. WeaverIn 1892, he was the Populist candidate for president. He is one of the few third party candidates in history to have ever won any electoral votes. (p. 387)13
8817816511Bland-Allison Act of 1878In 1878, this act allowed a limited coinage of silver each month at the standard silver-to-gold ratio of 16 to 1. (p. 385)14
8817816512Sherman Silver Purchase Act of 1890This act increased the coinage of silver but it was not enough to satisfy the farmers and miners. (p. 386)15
8817816513run on gold reserves, J.P. Morgan bail outA decline in silver prices encouraged investors to trade their silver dollars for gold dollars. The gold reserve fell dangerously low and President Grover Cleveland was forced to repeal the Sherman Silver Purchase Act of 1890. The president then turned to J.P. Morgan to borrow $65 million in gold to support the dollar and the gold standard. (p. 387)16
8817816514repeal of Sherman Silver Purchase ActA decline in silver prices encouraged investors to trade their silver dollars for gold dollars. The gold reserve fell dangerously low and President Grover Cleveland was forced to repeal the Sherman Silver Purchase Act of 1890. (p. 387)17
8817816515election of 1888, Harrison "Billion Dollar Congress"In 1888, the Republican Benjamin Harrison became the president and the Republicans controlled Congress. They passed the first billion dollar budget in U.S. history. (p. 386)18
8817816516rise of the Populist PartyIn 1892, delegates met in Omaha, Nebraska to draft a political platform that would reduce the power of trusts and bankers. They nominated James Weaver as their candidate for president. (p. 386)19
8817816517Farmers' Alliances in South and WestIn 1890, this group of discontented farmers elected senators, representatives, governors, and majorities in state legislatures in the West. (p. 386)20
8817816518Alliance of whites and blacks in SouthThe Populist party tried to form a political alliance with these poor farmers. (p. 387)21
8817816519Thomas WatsonHe was from Georgia and he appealed to poor farmers of both races to join the Populists party. (p. 387)22
8817816520reformers vs. rasism in SouthIn the presidential election of 1892, Southern Democrats feared the Populist party and used every technique possible to keep blacks from voting. (p. 387)23
8817816521Omaha PlatformIn 1892, the Populist party met in Omaha, Nebraska to draft this political platform and nominate a presidential candidate. (p 386)24
8817816522government regulation and ownershipThe Populist movement attacked laissez-faire capitalism and attempted to form a political alliance between poor whites and poor blacks. (p. 387)25
8817816523election of 1892, Cleveland returnsThe 1892 presidential election was between President Benjamin Harrison and former president Grover Cleveland. Cleveland became the only president to win a presidential election after having left the office. (p. 387)26
8817816524Panic of 1893In 1893, the stock market crashed as a result of speculation in railroad companies. One of the worst and longest depressions in U.S. history. (p. 387)27
8817816525Coxey's Army, March on WashingtonIn 1894, Populist Jacob A. Coxey led a march to Washington to demand that the federal government spend $500 million on public works programs. (p. 388)28
8817816526Coin's Financial SchoolIn 1894, this book taught Americans that unlimited silver coining would end the economic problems. (p. 388)29
8817816527William Jennings BryanThe 1896 Democratic nominee for president. (p. 388)30
8817816528"Cross of Gold" SpeechWilliam Jennings Bryan gave this speech at the 1896 Democratic convention. The prosilver and anti-gold speech assured him of the nomination. (p. 389)31
8817816534gold standard and higher tariffIn 1897, William McKinley became president just as gold discoveries in Alaska increased the money supply under the gold standard. The Dingley Tariff increased the tariff rate to 46 percent. (p. 390)32

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