The Financial Crises of the 1890s and the High Tide of Populism (A)

  • Reference: DARDEN-F-1831-E

  • Number of pages: 49

  • Publication Date: Jul 27, 2018

  • Fecha de edición: Jul 15, 2020

  • Source: Darden University of Virginia (USA)

  • Type of Document: Case

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Description

Set in November 1896, the case describes the views of the two leading candidates for US president, William Jennings Bryan and William McKinley, along with those of three other figures: J. P. Morgan, Mary Elizabeth Lease, and Eugene Debs. The task for the student is to assess the role of money and financial crises in the evolving political landscape—these five people reflect policy positions across the political spectrum. The main controversy in the case is whether only gold, or both gold and silver, should back the dollar, an issue that has been simmering for about a quarter-century and that is resolved in the election of 1896.

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Keywords

bimetallism bond underwriting Eugene Debs Financial crisis gold standard J. P. Morgan Mary Elizabeth Lease populism William Jennings Bryan William McKinley