Questions and Answers
What was the Panic of 1893?
Who defeated William Jennings Bryan in the election of 1896?
William McKinley
Who was William Jennings Bryan?
Democratic presidential candidate in 1896
The Alaska Purchase involved bribery to vote for the ______.
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What was the National Association of Manufacturers opposed to?
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Liberal Capitalism supports extensive governmental regulations in the economy.
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What was the USS Maine?
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What event sparked the Spanish-American War?
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What did the Philippines Insurrection involve?
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Who was Emilio Aguinaldo?
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The Treaty of Paris acknowledged the United States as a ______ country.
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Study Notes
Panic of 1893
- Initiated the worst economic depression in U.S. history up to that point, comparable to the Great Depression of the 1930s.
- Triggered by the overextension of railroad companies, leading to widespread bank failures.
Election of 1896
- William McKinley (Republican) defeated William Jennings Bryan (Democrat) in a significant political contest.
- Bryan represented not only the Democrats but also the Populist Party and the Silver Republicans.
- Major topics included economic policies like bimetallism, the gold standard, Free Silver, and tariffs.
William Jennings Bryan
- Prominent Democratic presidential candidate in 1896.
- Strong advocate for the introduction of free silver to address economic issues.
Alaska Purchase
- Involves bribery for voting in favor of the treaty.
- Expanded U.S. territory and boosted manufacturing, positioning the U.S. as a leading exporter.
Overproduction Model
- Contributed to economic issues due to overproduction.
- Lack of new foreign markets resulted in excess goods, which strained labor unions and led to a search for foreign markets.
National Association of Manufacturers
- A coalition of industrialists opposing government regulation during the New Deal era.
- Promoted free enterprise and capitalism through various media campaigns including radio, films, and advertisements.
Liberal Capitalism
- Advocates for a philosophy of minimal to no government intervention in free markets.
- Emphasizes total economic freedom with little to no regulations.
Spanish-American War
- Occurred in 1898, primarily between the U.S. and Spain.
- The U.S. actively supported Cuba's struggle for independence from Spanish rule.
USS Maine
- U.S. battleship that exploded in Havana Harbor in 1898.
- Although evidence suggested an internal explosion, Yellow Journalism attributed blame to Spain, escalating tensions toward war.
Hawaii Annexation (1898)
- The U.S. backed the overthrow of Hawaii's queen to increase territorial holdings.
Treaty of Paris
- Agreement marking the United States' transition to a free and independent country.
- Signified an end to colonial rule over the U.S. by Britain.
Philippines Insurrection
- Armed conflict between the U.S. and Filipino revolutionaries post-Spanish-American War.
- The U.S. paid $20 million for control of the Philippines in the Treaty of Paris, sparking further resistance and debate.
Emilio Aguinaldo
- Leader of the Filipino independence movement against Spanish rule from 1895 to 1898.
- Declared Philippine independence in 1899, but was captured by U.S. forces in 1901, ending his uprising.
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Description
Explore the significant economic and political events of the 1890s, including the Panic of 1893 and the Election of 1896. Delve into the challenges of the time, such as railroad overextension and evolving monetary policies, and understand how these events shaped the future of the United States.
