The Democratic (constitutionalist) Party denies re-nomination to President Cleveland, instead nominating former (socialist/proto-fascist) Representative William Jennings Bryan, of Nebraska. The campaign platform approved by the convention calls for,
- “The free and unlimited coinage of both silver and gold at the present legal ratio of 15 to 1” (a fixed, bimetallic standard);
- Re-imposition of the unlawful, personal federal income tax;
- A halt to immigration;
- Greater power to the Interstate Commerce Commission to regulate the railroads;
- Continued generous pensions for compulsory Union veterans of the War of Federal Aggression;
- A vigorous program of internal improvements.
NOTE: This event marks the Party’s transition from a laissez-faire, sound-money, free-market party of limited government to today’s nationalist party of partisan and special-interest causes. From this point on, both the Republicans and Democrats began promoting a status quo of increased statism as the miracle cure for the problems they have created.
[restored 5/2/2021]
Subsequent Events:
References:
Calvin D. Linton, ed. The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 246.
Cross of Gold speech – Wikipedia
en.wikipedia.org/wiki/Cross_of_Gold_speech
The Federal Reserve and you
endthefednc.wordpress.com/