Changes

2 bytes added ,  15:23, July 19, 2016
Spelling/Grammar Check, typos fixed: Nevertheless → Nevertheless,
Line 106: Line 106:     
====Silver and gold====
 
====Silver and gold====
−
The Sherman Silver Purchase Act of 1890 required the government to buy 4,500,000 ounces of silver each month, and to pay for it with the issue of new paper money. Conservatives denounced this as a wasteful subsidy to the silver miners and mine owners, and that it endangered the gold standard because there was not gold in the treasury to redeem all of the new government notes. Using all his powers of persuasion and patronage, Cleveland called a special session of Congress and forced the repeal of the law in October, 1893.<ref>In the middle of the crisis he had secret emergency surgery to remove a cancerous growth in his mouth.</ref>  Nevertheless the treasury continued to lose gold.  
+
The Sherman Silver Purchase Act of 1890 required the government to buy 4,500,000 ounces of silver each month, and to pay for it with the issue of new paper money. Conservatives denounced this as a wasteful subsidy to the silver miners and mine owners, and that it endangered the gold standard because there was not gold in the treasury to redeem all of the new government notes. Using all his powers of persuasion and patronage, Cleveland called a special session of Congress and forced the repeal of the law in October, 1893.<ref>In the middle of the crisis he had secret emergency surgery to remove a cancerous growth in his mouth.</ref>  Nevertheless, the treasury continued to lose gold.  
    
The depression continued to worsened, reaching a nadir in mid-1894. Prices, trade and profits continued to fall, and unemployment reached 20%. Some 156 railroads with 30,000 miles of track went bankrupt along with 800 banks and many small businesses.<ref>Samuel Rezneck, "Unemployment, Unrest and Relief in the United States during the Depression of 1893-1897," ''Journal of Political Economy'' 61 (1953): 324-45 [http://www.jstor.org/stable/1826883  in JSTOR]; Charles Hoffmann, "The Depression of the Nineties," ''Journal of Economic History'' 16 (1956): 137-64 [http://www.jstor.org/stable/2114113  in JSTOR]</ref>  
 
The depression continued to worsened, reaching a nadir in mid-1894. Prices, trade and profits continued to fall, and unemployment reached 20%. Some 156 railroads with 30,000 miles of track went bankrupt along with 800 banks and many small businesses.<ref>Samuel Rezneck, "Unemployment, Unrest and Relief in the United States during the Depression of 1893-1897," ''Journal of Political Economy'' 61 (1953): 324-45 [http://www.jstor.org/stable/1826883  in JSTOR]; Charles Hoffmann, "The Depression of the Nineties," ''Journal of Economic History'' 16 (1956): 137-64 [http://www.jstor.org/stable/2114113  in JSTOR]</ref>  
Line 194: Line 194:  
*  Grover Cleveland, ''Presidential problems'' (1904) memoirs, [http://www.questia.com/read/8997001?title=Presidential%20Problems online edition from Questia]; [http://books.google.com/books/pdf/Presidential_Problems.pdf?vid=OCLC00535681&id=OqoFAAAAMAAJ&output=pdf&sig=3T40zxIg7GU17llmt_ie4foSe5g free online edition from Google]
 
*  Grover Cleveland, ''Presidential problems'' (1904) memoirs, [http://www.questia.com/read/8997001?title=Presidential%20Problems online edition from Questia]; [http://books.google.com/books/pdf/Presidential_Problems.pdf?vid=OCLC00535681&id=OqoFAAAAMAAJ&output=pdf&sig=3T40zxIg7GU17llmt_ie4foSe5g free online edition from Google]
 
* [http://www.usa-presidents.info/speeches/hawaii.html President Cleveland Message about Hawaii December 18, 1893] - Cleveland's message where he tried to discredit the Hawaiian Revolution. It was contradicted by the Morgan Report issued by Congress in 1894.
 
* [http://www.usa-presidents.info/speeches/hawaii.html President Cleveland Message about Hawaii December 18, 1893] - Cleveland's message where he tried to discredit the Hawaiian Revolution. It was contradicted by the Morgan Report issued by Congress in 1894.
−
* National Democratic Committee. ''Campaign Text-book of the National Democratic Party'' (1896) a fierce defense of Cleveland written by Gold Democrats who supported Cleveland and opposed Bryan and McKinley http://books.google.com/books?ie=UTF-8&vid=LCCN09032461&id=VIwkzQzzbl4C&vq=wilson&dq=Democratic+%22campaign+text+Book%22&pg=PP19&printsec=4&lpg=PP19 online from Google]
+
* National Democratic Committee. ''Campaign Text-book of the National Democratic Party'' (1896) a fierce defense of Cleveland written by Gold Democrats who supported Cleveland and opposed Bryan and McKinley [http://books.google.com/books?ie=UTF-8&vid=LCCN09032461&id=VIwkzQzzbl4C&vq=wilson&dq=Democratic+%22campaign+text+Book%22&pg=PP19&printsec=4&lpg=PP19 online from Google]
 
* Nevins, Allan, ed. ''Letters of Grover Cleveland, 1850-1908'' (1934), major collection of his letters
 
* Nevins, Allan, ed. ''Letters of Grover Cleveland, 1850-1908'' (1934), major collection of his letters
 
* Parker, George Frederick. ''Recollections of Grover Cleveland,'' (1911) - 427 pages [http://books.google.com/books?id=o6xYAAAAMAAJ&printsec=frontcover&dq=intitle:%22grover+cleveland%22&lr=&num=100&as_brr=1 online edition]
 
* Parker, George Frederick. ''Recollections of Grover Cleveland,'' (1911) - 427 pages [http://books.google.com/books?id=o6xYAAAAMAAJ&printsec=frontcover&dq=intitle:%22grover+cleveland%22&lr=&num=100&as_brr=1 online edition]
Block, SkipCaptcha, apieditor, Automoderated users, Bots, edit, ratelimit-exempt
58,183

edits