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Bourbon Democrats
Bourbon Democrat was a term used in the United States in the later 19th century (1872–1904) to refer to members of the Democratic Party who were ideologically aligned with fiscal conservatism or classical liberalism, especially those who supported presidential candidates Charles O'Conor in 1872, Samuel J. Tilden in 1876, President Grover Cleveland in 1884, 1888, and 1892 and Alton B. Parker in 1904. After 1904, the Bourbons faded away. Southerner Woodrow Wilson made a deal in 1912 with the leading opponent of the Bourbons, William Jennings Bryan: Bryan endorsed Wilson for the Democratic nomination and Wilson named Bryan Secretary of State. Bourbon Democrats were promoters of a form of ''laissez-faire'' capitalism which included opposition to the high-tariff protectionism that the Republicans were then advocating as well as fiscal discipline. They represented business interests, generally supporting the goals of banking and railroads, but opposed to subsidies for them and w ...
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Joseph Keppler
Joseph Ferdinand Keppler (February 1, 1838 – February 19, 1894) was an Austrian-born American cartoonist and caricaturist who greatly influenced the growth of satirical cartooning in the United States. Early life He was born in Vienna. His parents were bakers, and his talent is said to have first manifested itself in his cake decorations. He studied art at the Academy of Fine Arts ViennaAlbert Bernhardt Faust, ''The German Element in the United States'', 1909, v. 2, ch. 7, p. 363. and later contributed comic drawings to the Vienna humor magazine '' Kikeriki'' (Cock-a-doodle-do). Unable to make a living from his art in Vienna he joined a theatrical troupe as a scene painter and then as a comedian, traveling with them in the Tyrol and Italy. His ability to restore old paintings gained for him some extra money in some of the monasteries on the way. He was a charming companion, an excellent story-teller, and immediately popular wherever he went. In 1864, he married the Viennese ...
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Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be ...
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Oxford University Press
Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books by decree in 1586, it is the second oldest university press after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics known as the Delegates of the Press, who are appointed by the vice-chancellor of the University of Oxford. The Delegates of the Press are led by the Secretary to the Delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University Press has had a similar governance structure since the 17th century. The press is located on Walton Street, Oxford, opposite Somerville College, in the inner suburb of Jericho. For the last 500 years, OUP has primarily focused on the publication of pedagogical texts ...
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History Of The United States Republican Party
The Republican Party, also referred to as the GOP (meaning Grand Old Party), is one of the two major political parties in the United States. It is the second-oldest extant political party in the United States after its main political rival, the Democratic Party. In 1854, the Republican Party emerged to combat the expansion of slavery into American territories after the passing of the Kansas–Nebraska Act. The early Republican Party consisted of northern Protestants, factory workers, professionals, businessmen, prosperous farmers, and after the Civil War, former black slaves. The party had very little support from white Southerners at the time, who predominantly backed the Democratic Party in the Solid South, and from Catholics, who made up a major Democratic voting block. While both parties adopted pro-business policies in the 19th century, the early GOP was distinguished by its support for the national banking system, the gold standard, railroads, and high tariffs. Th ...
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Protectionism
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors. Opponents argue that protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against. Protectionism is advocated mainly by parties that hold economic nationalist or left-wing positions, while economically right-wing political parties generally support free trade. There is a consensus among economists that protectionism has a negative effect on economic growth and economi ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism. Different forms of capitalism feature varying d ...
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Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ...
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William Jennings Bryan
William Jennings Bryan (March 19, 1860 – July 26, 1925) was an American lawyer, orator and politician. Beginning in 1896, he emerged as a dominant force in the History of the Democratic Party (United States), Democratic Party, running three times as the party's nominee for President of the United States in the 1896 United States presidential election, 1896, 1900 United States presidential election, 1900, and the 1908 United States presidential election, 1908 elections. He served in the United States House of Representatives, House of Representatives from 1891 to 1895 and as the United States Secretary of State, Secretary of State under Woodrow Wilson. Because of his faith in the wisdom of the common people, Bryan was often called "The Great Commoner", and because of his rhetorical power and early notoriety, "The Boy Orator". Born and raised in Illinois, Bryan moved to Nebraska in the 1880s. He won election to the House of Representatives in the 1890 United States House ...
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Woodrow Wilson
Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election. As president, Wilson changed the nation's economic policies and led the United States into World War I in 1917. He was the leading architect of the League of Nations, and his progressive stance on foreign policy came to be known as Wilsonianism. Wilson grew up in the American South, mainly in Augusta, Georgia, during the Civil War and Reconstruction. After earning a Ph.D. in political science from Johns Hopkins University, Wilson taught at various colleges before becoming the president of Princeton University and a spokesman for progressivism in higher education. As governor of New Jersey from 1911 to 1913, Wilson broke with party ...
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Classical Liberalism
Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. It gained full flowering in the early 18th century, building on ideas stemming at least as far back as the 13th century within the Iberian, Anglo-Saxon, and central European contexts and was foundational to the American Revolution and "American Project" more broadly. Notable liberal individuals whose ideas contributed to classical liberalism include John Locke,Steven M. Dworetz (1994). ''The Unvarnished Doctrine: Locke, Liberalism, and the American Revolution''. Jean-Baptiste Say, Thomas Malthus, and David Ricardo. It drew on classical economics, especially the economic ideas as espoused by Adam Smith in Book One of '' The Wealth of Nations'' and on a belief in natural law, ...
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Fiscal Conservatism
Fiscal conservatism is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and ''laissez-faire'' economics.M. O. Dickerson et al., ''An Introduction to Government and Politics: A Conceptual Approach'' (2009) p. 129. Fiscal conservatives advocate tax cuts, reduced government spending, free markets, deregulation, privatization, free trade, and minimal government debt. Fiscal conservatism follows the same philosophical outlook of classical liberalism. This concept is derived from economic liberalism and can also be referred to as fiscal liberalism outside the United States. The term has its origins in the era of the American New Deal during the 1930s as a result of the policies initiated by modern liberals, when many classical liberals started calling themselves conservatives as they did not wish to be identified with what was passing for liberalism in the United St ...
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History Of The United States Democratic Party
The Democratic Party is one of the two major political parties of the United States political system and the oldest existing political party in that country founded in the 1830s and 1840s. It is also the oldest voter-based political party in the world. The party has changed significantly during its nearly two centuries of existence. Known as the party of the "common man," the early Democratic Party stood for individual rights and state sovereignty, and opposed banks and high tariffs. In the first decades of its existence, from 1832 to the mid-1850s (known as the Second Party System), under Presidents Andrew Jackson, Martin Van Buren and James K. Polk, the Democrats usually bested the opposition Whig Party by narrow margins. Before the American Civil War the party supported or tolerated slavery; and after the war until the Great Depression the party opposed civil rights reforms in order to retain the support of Southern voters. During this second period (1865-1932), the ...
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