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Tuesday, September 13, 2016

2016: Populism revisited and the Cross of Gold speech

You have to go back to the 1896 presidential race between William Jennings Bryan and William McKinley to find an historical parallel to the contest in 2016 between the three finalists: Hillary Clinton, Bernie Sanders and Donald Trump. Unfortunately, the great majority of American citizens know virtually nothing about President McKinley, who was an excellent president and a man of substance and integrity. If they do know anything about McKinley, most likely it is that he was assassinated in 1901 and that, upon his death, Vice President Theodore Roosevelt became the youngest president ever at the age of 42.

William Jennings Bryan is now remembered primarily for his role in the play and movie about evolution, Inherit the Wind. In it, Bryan was wrongly portrayed as a bumbling fundamentalist prosecutor in the Scopes Monkey Trial who lost the case and his reputation battling the renowned defense lawyer, Clarence Darrow. Most people do not know that Bryan was a Democratic congressman from Nebraska who ran for president three times – in 1896, 1900 and 1908, and later served as Secretary of State in the administration of President Woodrow Wilson.

In “The Triumph of William McKinley,” Karl Rove recounts the dramatic McKinley victory over Bryan in 1896. At the Democratic National Convention, Bryan – a young, handsome and gifted populist orator – gave one of the most famous speeches in American political history. The issue which divided the country at that time was whether our currency should be tied to gold (and therefore continue circulate as a hard currency) or to silver, which could cause the dollar to depreciate and bring about an inflationary economic upturn. It is hard to imagine today the passions that this issue aroused between rural citizens and the middle class in the cities, between farmers and merchant, between the borrowers and the savers. Bryan was a free silver man, and free silver was the political cause of many working Americans.


1 comment:

Anonymous said...

Excellent article. Hillary rode her husband's coattails to become a lackluster senator, then through favors became SecState, where she sold her favors through the Foundation, the sitting president, and her husband's glib tongue. She has no substance, only a cheap fa├žade.