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William Jennings Bryan became the hero of the democratic party for the election of 1896 with his Cross of Gold speech. This speech supported the silver standard for currency, as opposed to the gold standard, and it also supported the unlimited coinage of silver.
Designed to provide adequate revenue with moderate protection, this tariff was changed drastically after passing through Senate. Although it did not establish a low tariff, it did reduce the existing McKinley Tariff drastically.
The Pullman Strike was in 1894. The Pullman Palace Car Company was hurt by the depression. They decided to cut wages about one-third. The workers decided to strike. Attorney General Olney called in the federal troops. He thought that the strikers were interfering with the delivery of mail because railroads all over the country went on strike in support of the Pullman workers. These railroads carried the mail. The strike affected the entire country.
It was the most devastating economic situation of the century. It occurred while Grover Cleveland was President and it lasted for four years. It was caused by overbuilding, over speculation, labor disorder, and agricultural problems. Because of these things, many businesses collapsed and an abundance of people because unemployed.
Laws designed to keep blacks segregated in public places like hotels and restaurants; 1892; backed by lynchings and burnings; "legalized" by Plessy vs. Ferguson in 1896.
In 1892 an epidemic of strikes occurred. One of the most known of these strikes took place at Carnegie's Homestead plant near Pittsburgh after a pay cut of the steelworkers. the company officials called in armed detectives and attempted to force the defiant strikes to surrender but the only results were ten persons killed and some sixty wounded.
In 1890, an act was passed so that the treasury would by 4.5 million ounces of silver monthly and pay those who mined it in notes that were redeemable in either gold or silver. This law doubled the amount of silver that could be purchased under the Bland-Allison Law of 1878.
A congressional act of 1890. It showered pensions on all Union Civil War veterans who had served for 90 days and who were now unable to do manual labor. This program foreshadowed the 20th century welfare programs.
The 51st Congress which had access to approximately a 1 billion dollar surplus in the Treasury. The "Billion Dollar" Congress passed the Pension Act of 1890, which provided pensions for all Union Civil War veterans who had served for 90 days and were no longer capable of manual labor. This policy solved the dilemma of the existing surplus.
Silverites were in favor of silver over gold in terms of currency. States with a lot of silver wanted unlimited coinage of silver (no limits to the amount used), and the stated with a lot of gold wanted gold to be coined.
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