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Chapter 28 - The Revolt of the Debtor

Bimetallism

Bimetallism was the using of silver and gold in the economic system. This issue divided much of the United States during the late 19th century because the bankers and industrialists wanted at least a limited amount of silver, if not to get rid of it and the farmers wanted unlimited coinage of silver.

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William McKinley

McKinley presented a tariff bill in the House, and lost his seat in Congress because of it. McKinley ran on the Republican ticket in the 1896 election and won the presidency while preaching a Gold Standard platform. He won again in 1900 and was assassinated in 1901.

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Richard Olney

Richard Olney was a lawyer in the 1880's for one of the leading corporations. Later he became the Secretary of State to Grover Cleveland. He was Attorney General during the Pullman strike in 1894 and he issued an injunction for the workers to return to work.

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Williams Jennings Bryan

Eloquent congressman from Nebraska. During the extra Congress session in the summer of 1893, Bryan held the galleries spellbound for three hours as he championed the cause of free silver. Despite his efforts, however, President Cleveland alienated the Democratic silverities. He also ran against McKinley in the presidential elections of 1896 and lost.

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Eugene V. Debs

Eugene V. Debs was a labor leader who helped organize the American Railroad Union. The Union went on strike against the Pullman Palace car company in 1894. The strike was put down by armed forces and Debs and other leaders were given six months imprisonment.

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Thomas B. Reed

Thomas Reed was a Republican Speaker of the House during the 1890's. He was nicknamed the "Czar" of Congress because he would cast votes for nonattending members of Congress. Reed changed the House rules single-handedly. He believed that the majority should legislate, in accord with democratic practices, and not be crippled by a filibustering minority. Reed's Congress was the first in peacetime to pull together one billion dollars. The Congress opened the federal purse in the Pension Act of 1890.

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