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Rhode Island Democratic Party

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The Rhode Island Democratic Party is the affiliate of the Democratic Party in the U.S. state of Rhode Island . Elizabeth Perik is the chair of the party. The party has dominated politics in Rhode Island for the past five decades.

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144-521: For nearly five decades, Rhode Island has been one of the United States' most solidly Democratic states. Since 1928, it has voted for the Republican presidential candidate only four times ( Dwight Eisenhower in 1952 and 1956 , Richard Nixon in 1972 and Ronald Reagan in 1984 ) and has elected only two Republicans (former Governor John H. Chafee and his son, Lincoln Chafee , though

288-634: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,

432-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around

576-618: A broader nationalist message. His election accelerated the Republican Party's shift towards right-wing populism and resulted in decreasing influence among its conservative factions. After the 2016 elections , Republicans maintained their majority in the Senate , the House , and governorships , and wielded newly acquired executive power with Trump's election. The Republican Party controlled 69 of 99 state legislative chambers in 2017,

720-604: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to

864-467: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to

1008-558: A large majority of the Democratic Party's upper and middle-class support. McKinley defeated Bryan and returned the presidency to Republican control until the 1912 presidential election . The 1896 realignment cemented the Republicans as the party of big businesses while president Theodore Roosevelt added more small business support by his embrace of trust busting . He handpicked his successor William Howard Taft in

1152-600: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside

1296-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and

1440-418: A number of Republicans and conservative thought leaders questioning whether Trump should continue as the party's main figurehead and leader. Despite this, Trump easily won the nomination to be the party's candidate again in the 2024 presidential election . Trump achieved a decisive victory against Democratic nominee Kamala Harris , winning every swing state and the popular vote, while the Republicans held

1584-544: A reduction of the national debt and federal budget deficit through decreased government spending . The Tea Party movement was also described as a popular constitutional movement composed of a mixture of libertarian , right-wing populist , and conservative activism. The Tea Party movement's electoral success began with Scott Brown 's upset win in the January Senate special election in Massachusetts ;

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1728-567: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In

1872-480: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of

2016-713: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to

2160-527: A treaty annexing Hawaii before Cleveland could be inaugurated. Most Republicans supported the proposed annexation, but Cleveland opposed it. In the 1896 presidential election , Republican William McKinley 's platform supported the gold standard and high tariffs, having been the creator and namesake for the McKinley Tariff of 1890. Though having been divided on the issue prior to that year's National Convention , McKinley decided to heavily favor

2304-560: A winner at the end of election day. Voter suppression in the South gave Republican-controlled returning officers enough of a reason to declare that fraud, intimidation and violence had soiled the states' results. They proceeded to throw out enough Democratic votes for Republican Rutherford B. Hayes to be declared the winner. Democrats refused to accept the results and the Electoral Commission made up of members of Congress

2448-658: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation

2592-505: Is as follows: Republican Party (United States) The Republican Party , also known as the GOP ( Grand Old Party ), is one of the two major contemporary political parties in the United States . It emerged as the main political rival of the then-dominant Democratic Party in the 1850s, and the two parties have dominated American politics since then. The Republican Party was founded in 1854 by anti-slavery activists who opposed

2736-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated

2880-539: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that

3024-483: The 1980 United States presidential election . The Reagan presidency , lasting from 1981 to 1989, constituted what is known as " the Reagan Revolution ". It was seen as a fundamental shift from the stagflation of the 1970s, with the introduction of Reagan's economic policies intended to cut taxes, prioritize government deregulation and shift funding from the domestic sphere into the military to check

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3168-466: The 2022 elections confident and with analysts predicting a red wave , but it ultimately underperformed expectations, with voters in swing states and competitive districts joining Democrats in rejecting candidates who had been endorsed by Trump or who had denied the results of the 2020 election. The party won control of the House with a narrow majority, but lost the Senate and several state legislative majorities and governorships. The results led to

3312-546: The Coinage Act of 1873 , as a solution to the depressed American economy in the aftermath of that year's panic . Ahead of the 1880 presidential election , both James G. Blaine and opponent John Sherman failed to win the Republican nomination; each then backed James A. Garfield for president. Garfield won the 1880 presidential election, but was assassinated early in his term . His death helped create support for

3456-635: The Court of International Trade by the time he left office, shifting the court system to the right . Other notable achievements during his presidency included the passing of the Tax Cuts and Jobs Act in 2017; the creation of the U.S. Space Force , the first new independent military service since 1947; and the brokering of the Abraham Accords , a series of normalization agreements between Israel and various Arab states . The second half of his term

3600-544: The Iraq War . In the 2008 presidential election , Arizona Republican senator John McCain was defeated by Illinois Democratic senator Barack Obama . The Republicans experienced electoral success in the 2010 elections . The 2010 elections coincided with the ascendancy of the Tea Party movement , an anti-Obama protest movement of fiscal conservatives . Members of the movement called for lower taxes , and for

3744-560: The Kansas–Nebraska Act , which allowed for the potential extension of slavery to the western territories. The party supported classical liberalism and economic reform geared to industry, supporting investments in manufacturing, railroads, and banking. The party was successful in the North, and by 1858, it had enlisted most former Whigs and former Free Soilers to form majorities in almost every northern state. White Southerners of

3888-592: The Kansas–Nebraska Act , which repealed the Missouri Compromise and opened the Kansas and Nebraska Territories to slavery and future admission as slave states. They denounced the expansion of slavery as a great evil, but did not call for complete abolition , including in the Southern states. While opposition to the expansion of slavery was the most consequential founding principle of the party, like

4032-582: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of

4176-537: The Pendleton Civil Service Reform Act , which was passed in 1883; the bill was signed into law by Republican president Chester A. Arthur , who succeeded Garfield. In 1884, Blaine won the Republican presidential nomination, but lost the general election to Democrat Grover Cleveland . Cleveland was the first Democrat to be elected president since James Buchanan. Dissident Republicans, known as Mugwumps , had defected from Blaine due to

4320-470: The Pew Research Center found that social conservatives and free market advocates remained the other two main groups within the party's coalition of support, with all three being roughly equal in number. However, libertarians and libertarian-leaning conservatives increasingly found fault with what they saw as Republicans' restricting of vital civil liberties while corporate welfare and

4464-577: The Second New Deal , saying it represented class warfare and socialism . Roosevelt was easily re-elected president in 1936 ; however, as his second term began, the economy declined , strikes soared, and he failed to take control of the Supreme Court and purge the Southern conservatives from the Democratic Party. Republicans made a major comeback in the 1938 House elections . Southern conservatives joined with most Republicans to form

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4608-815: The Soviet Union by utilizing deterrence theory . During a visit to then- West Berlin in June 1987, he addressed Soviet leader Mikhail Gorbachev during a speech at the Berlin Wall , demanding that he " Tear down this wall! ". The remark was later seen as influential in the fall of the wall in 1989, and was retroactively seen as a defining achievement. The Soviet Union was dissolved in 1991 . Following Reagan's presidency, Republican presidential candidates frequently claimed to share Reagan's views and aimed to portray themselves and their policies as heirs to his legacy. Reagan's vice president, George H. W. Bush , won

4752-564: The Thirteenth Amendment to the U.S. Constitution —which banned slavery, except as punishment for a crime—was ratified in 1865. Following the assassination of Lincoln , Johnson ascended to the presidency. Johnson was vitriolic in his criticisms of the Radical Republicans during a national tour ahead of the 1866 elections . Anti-Johnson Republicans won a two-thirds majority in both chambers of Congress following

4896-629: The World Trade Organization . Bush lost his re-election bid in 1992 . While there is debate about whether Perot's candidacy cost Bush re-election, Charlie Cook asserted that Perot's messaging carried weight with Republican and conservative voters. In the 1994 elections , the Republican Party, led by House minority whip Newt Gingrich , who campaigned on the " Contract with America ", won majorities in both chambers of Congress, gained 12 governorships, and regained control of 20 state legislatures . The Republican Party won control of

5040-539: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,

5184-458: The conservative coalition , which dominated domestic issues in Congress until 1964. By the time of World War II , both parties split on foreign policy issues, with the anti-war isolationists dominant in the Republican Party and the interventionists dominant in the Democratic Party. Roosevelt won a third term in 1940 and a fourth in 1944 . Conservatives abolished most of the New Deal during

5328-609: The large-scale corruption present in the Grant administration , with the emerging Stalwart faction defending Grant and the spoils system , and the Half-Breeds advocating reform of the civil service . Republicans who opposed Grant branched off to form the Liberal Republican Party , nominating Horace Greeley in the 1872 presidential election . The Democratic Party attempted to capitalize on this divide in

5472-539: The planter class became alarmed at the threat to the future of slavery in the United States. With the 1860 election of Abraham Lincoln , the first Republican president, the Southern states seceded from the United States. Under the leadership of Lincoln and a Republican Congress, the Republican Party led the fight to defeat the Confederate States in the American Civil War , thereby preserving

5616-474: The stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until the Wall Street crash, after which the slide continued for three years, which

5760-535: The 1776 republican values of civic virtue and opposition to aristocracy and corruption. "Republican" has a variety of meanings around the world, and the Republican Party has evolved such that the meanings no longer always align. Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around

5904-518: The 1908 election , but they became enemies as the party split down the middle. Taft defeated Roosevelt for the 1912 nomination . Roosevelt ran on the ticket of his new Progressive Party . He called for social reforms , many of which were later championed by New Deal Democrats in the 1930s. He lost and when most of his supporters returned to the GOP, they found they did not agree with the new conservative economic thinking , leading to an ideological shift to

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6048-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It

6192-411: The 1960s era of civil rights legislation, enacted by Democrats, the South became more reliably Republican, and Richard Nixon carried 49 states in the 1972 election , with what he touted as his " silent majority ". The 1980 election of Ronald Reagan realigned national politics, bringing together advocates of free-market economics, social conservatives , and Cold War foreign policy hawks under

6336-813: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with

6480-538: The Democrats, whom they saw as the party of bloated, secular, and liberal government. This period saw the rise of "pro-government conservatives"—a core part of the Bush's base—a considerable group of the Republicans who advocated for increased government spending and greater regulations covering both the economy and people's personal lives, as well as for an activist and interventionist foreign policy. Survey groups such as

6624-530: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there

6768-521: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in

6912-489: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit

7056-556: The GOP and he proved unable to shift the party to a more moderate position. Historians cite the 1964 presidential election and its respective National Convention as a significant shift, which saw the conservative wing, helmed by Arizona senator Barry Goldwater , battle liberal New York governor Nelson Rockefeller and his eponymous Rockefeller Republican faction for the nomination. With Goldwater poised to win, Rockefeller, urged to mobilize his liberal faction, retorted, "You're looking at it, buddy. I'm all that's left." Following

7200-406: The GOP by co-nominating Greeley under their party banner. Greeley's positions proved inconsistent with the Liberal Republican Party that nominated him, with Greeley supporting high tariffs despite the party's opposition. Grant was easily re-elected. The 1876 presidential election saw a contentious conclusion as both parties claimed victory despite three southern states not officially declaring

7344-597: The GOP cooperated with Truman's Cold War foreign policy, funded the Marshall Plan and supported NATO , despite the continued isolationism of the Old Right. Eisenhower had defeated conservative leader senator Robert A. Taft for the 1952 Republican presidential nomination , but conservatives dominated the domestic policies of the Eisenhower administration . Voters liked Eisenhower much more than they liked

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7488-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There

7632-642: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade

7776-520: The House and retook control of the Senate, thus delivering a Republican trifecta . Trump significantly improved his vote share among almost all demographics nationwide, particularly among Hispanic voters, in a working class coalition described as the most racially diverse for a Republican presidential candidate in decades. As of 2024, the GOP holds a majority in the U.S. House of Representatives . It also holds 27 state governorships , 28 state legislatures , and 23 state government trifectas . Six of

7920-504: The House of Representatives for the first time in 40 years , and won a majority of U.S. House seats in the South for the first time since Reconstruction. However, most voters had not heard of the Contract and the Republican victory was attributed to traditional mid-term anti-incumbent voting and Republicans becoming the majority party in the South for the first time since Reconstruction, winning many former Southern Democrats . Gingrich

8064-481: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on

8208-536: The Republican House's legislative agenda if he were to serve as speaker. Illinois representative Dennis Hastert was promoted to speaker in Livingston's place, serving in that position until 2007. Republican George W. Bush won the 2000 and 2004 presidential elections . He campaigned as a " compassionate conservative " in 2000, wanting to better appeal to immigrants and minority voters. The goal

8352-421: The Republican Party lost seven seats in the House , but still retained control of that chamber. However, Republicans were unable to gain control of the Senate , continuing their minority status with a net loss of two seats. In the aftermath of the loss, some prominent Republicans spoke out against their own party. A 2012 election post-mortem by the Republican Party concluded that the party needed to do more on

8496-634: The Republican Party had greatly shifted towards illiberalism following the election of Trump, and research conducted by the V-Dem Institute concluded that the party was more similar to Europe's most right-wing parties such as Law and Justice in Poland or Fidesz in Hungary. In 2022 and 2023, Supreme Court justices appointed by Trump proved decisive in landmark decisions on gun rights , abortion , and affirmative action . The party went into

8640-401: The Republican Party's first National Convention in 1856 , the party adopted a national platform emphasizing opposition to the expansion of slavery into the free territories. Although Republican nominee John C. Frémont lost that year's presidential election to Democrat James Buchanan , Buchanan managed to win only four of the fourteen northern states. Despite the loss of the presidency and

8784-855: The Republican banner. Since 2009, the party has faced significant factionalism within its own ranks and has shifted towards right-wing populism . In the 21st century, the Republican Party receives its strongest support from rural voters , evangelical Christians , men , senior citizens , and voters without college degrees . On economic issues, the party has maintained a pro-business attitude since its inception. It supports low taxes and deregulation while opposing socialism , labor unions and single-payer healthcare . The populist faction supports economic protectionism , including tariffs . On social issues, it advocates for restricting abortion , discouraging and often prohibiting recreational drug use , promoting gun ownership and easing gun restrictions , and opposing transgender rights . In foreign policy,

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8928-497: The Republicans lost five seats, though whether it was due to poor messaging or Clinton's popularity providing a coattail effect is debated. Gingrich was ousted from party power due to the performance, ultimately deciding to resign from Congress altogether. For a short time afterward, it appeared Louisiana representative Bob Livingston would become his successor; Livingston, however, stepped down from consideration and resigned from Congress after damaging reports of affairs threatened

9072-503: The Republicans struck a deal with Clinton on the Balanced Budget Act of 1997 , which included tax cuts, the Republican House majority had difficulty convening on a new agenda ahead of the 1998 elections . During the ongoing impeachment of Bill Clinton in 1998, Gingrich decided to make Clinton's misconduct the party message heading into the elections, believing it would add to their majority. The strategy proved mistaken and

9216-500: The Senate on June 6, 2001, when Vermont Republican senator Jim Jeffords switched his party affiliation to Democrat. The Republicans regained the Senate majority in the 2002 elections , helped by Bush's surge in popularity following the September 11 attacks , and Republican majorities in the House and Senate were held until the Democrats regained control of both chambers in the 2006 elections , largely due to increasing opposition to

9360-473: The Senate voted to acquit him. Trump lost the 2020 presidential election to Democrat Joe Biden . He refused to concede the race, claiming widespread electoral fraud and attempting to overturn the results . On January 6, 2021, the United States Capitol was attacked by Trump supporters following a rally at which Trump spoke. After the attack, the House impeached Trump for a second time on

9504-408: The Senate. Over the course of his presidency, Trump appointed three justices to the Supreme Court : Neil Gorsuch , Brett Kavanaugh , and Amy Coney Barrett . It was the most Supreme Court appointments for any president in a single term since Richard Nixon . Trump appointed 260 judges in total, creating overall Republican-appointed majorities on every branch of the federal judiciary except for

9648-544: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This

9792-490: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending

9936-541: The Union and abolishing slavery . After the war, the party largely dominated national politics until the Great Depression in the 1930s, when it lost its congressional majorities and the Democrats' New Deal programs proved popular. Dwight D. Eisenhower 's election in 1952 was a rare break between Democratic presidents and he presided over a period of increased economic prosperity after World War II . Following

10080-622: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in

10224-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had

10368-612: The Whig Party it replaced, Republicans also called for economic and social modernization . At the first public meeting of the anti-Nebraska movement on March 20, 1854, at the Little White Schoolhouse in Ripon, Wisconsin , the name "Republican" was proposed as the name of the party. The name was partly chosen to pay homage to Thomas Jefferson 's Democratic-Republican Party . The first official party convention

10512-460: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why

10656-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate

10800-583: The charge of incitement of insurrection , making him the only federal officeholder to be impeached twice. Trump left office on January 20, 2021. His impeachment trial continued into the early weeks of the Biden presidency , and he was acquitted on February 13, 2021 . Since the 2020 election, election denial has become increasingly mainstream in the party, with the majority of 2022 Republican candidates being election deniers. The party also made efforts to restrict voting based on false claims of fraud. By 2020,

10944-462: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which

11088-574: The corruption which had plagued his political career. Republican Benjamin Harrison defeated Cleveland in the 1888 election . During his presidency, Harrison signed the Dependent and Disability Pension Act , which established pensions for all veterans of the Union who had served for more than 90 days and were unable to perform manual labor. Following his loss to Cleveland in the 1892 presidential election , Harrison unsuccessfully attempted to pass

11232-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downturn, they fail to account for its severity and longevity; they argue that these were caused by

11376-625: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what

11520-493: The decade produced an unprecedented prosperity until the Wall Street Crash of 1929 heralded the Great Depression. The New Deal coalition forged by Democratic president Franklin D. Roosevelt controlled American politics for most of the next three decades, excluding the presidency of Republican Dwight D. Eisenhower in the 1950s. After Roosevelt took office in 1933, New Deal legislation sailed through Congress and

11664-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered

11808-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and

11952-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did

12096-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of

12240-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought

12384-528: The economy moved sharply upward from its nadir in early 1933. The 1934 elections left the GOP with only 25 senators against 71 Democrats. The House likewise had overwhelming Democratic majorities. The Republican Party factionalized into a majority Old Right , based predominantly in the Midwest , and a liberal wing based in the Northeast that supported much of the New Deal. The Old Right sharply attacked

12528-417: The elections, which helped lead the way toward his impeachment and near ouster from office in 1868, the same year Ulysses S. Grant was elected as the next Republican president . Grant was a Radical Republican, which created some division within the party. Massachusetts senator Charles Sumner and Illinois senator Lyman Trumbull opposed most of his Reconstructionist policies. Others took issue with

12672-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though

12816-500: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating

12960-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be

13104-505: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August

13248-522: The gold standard over free silver in his campaign messaging, but promised to continue bimetallism to ward off continued skepticism over the gold standard, which had lingered since the Panic of 1893 . Democrat William Jennings Bryan proved to be a devoted adherent to the free silver movement, which cost Bryan the support of Democratic institutions such as Tammany Hall , the New York World and

13392-606: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing

13536-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,

13680-527: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at

13824-479: The lack of a majority in the U.S. Congress , Republicans were able to orchestrate a Republican speaker of the House of Representatives , which went to Nathaniel P. Banks . Historian James M. McPherson writes regarding Banks' speakership that "if any one moment marked the birth of the Republican party, this was it." The Republicans were eager for the 1860 elections . Former Illinois U.S. representative Abraham Lincoln spent several years building support within

13968-496: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with

14112-521: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,

14256-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then

14400-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view

14544-503: The most Democratic state in the country in 2008 to the 7th most Democratic in 2011. Democrats have controlled both of Rhode Island's seats in the U.S. Senate since 2006 : Out of the 2 seats Rhode Island is apportioned in the U.S. House of Representatives, both are held by Democrats. Democrats control all five of the elected statewide offices: The leadership of the Rhode Island Democratic Party, as of 2024,

14688-419: The most it had held in history. The Party also held 33 governorships, the most it had held since 1922. The party had total control of government in 25 states; it had not held total control of this many states since 1952. The opposing Democratic Party held full control of only five states in 2017. In the 2018 elections , Republicans lost control of the House of Representatives, but strengthened their hold on

14832-502: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and

14976-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that

15120-467: The national debt hiked considerably under Bush's tenure. In contrast, some social conservatives expressed dissatisfaction with the party's support for economic policies that conflicted with their moral values. The Republican Party lost its Senate majority in 2001 when the Senate became split evenly; nevertheless, the Republicans maintained control of the Senate due to the tie-breaking vote of Bush's vice president, Dick Cheney . Democrats gained control of

15264-406: The national level to attract votes from minorities and young voters. In March 2013, Republican National Committee chairman Reince Priebus issued a report on the party's electoral failures in 2012, calling on Republicans to reinvent themselves and officially endorse immigration reform. He proposed 219 reforms, including a $ 10 million marketing campaign to reach women, minorities, and gay people;

15408-582: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In

15552-422: The nine current U.S. Supreme Court justices were appointed by Republican presidents. Its most recent presidential nominee is Donald Trump , who served as the 45th president of the United States and was the party's candidate again in the 2024 presidential election . There have been 19 Republican presidents, the most from any one political party. The Republican Party's founding members chose its name as homage to

15696-549: The party establishment is interventionist, while the populist faction supports isolationism and in some cases non-interventionism . In 1854, the Republican Party was founded in the Northern United States by forces opposed to the expansion of slavery , ex- Whigs , and ex- Free Soilers . The Republican Party quickly became the principal opposition to the dominant Democratic Party and the briefly popular Know Nothing Party. The party grew out of opposition to

15840-615: The party, campaigning heavily for Frémont in 1856 and making a bid for the Senate in 1858 , losing to Democrat Stephen A. Douglas but gaining national attention from the Lincoln–Douglas debates it produced. At the 1860 Republican National Convention , Lincoln consolidated support among opponents of New York U.S. senator William H. Seward , a fierce abolitionist who some Republicans feared would be too radical for crucial states such as Pennsylvania and Indiana , as well as those who disapproved of his support for Irish immigrants. Lincoln

15984-695: The passage of the Civil Rights Act of 1964 and Voting Rights Act of 1965 , the southern states became more reliably Republican in presidential politics, while northeastern states became more reliably Democratic. The GOP went on to control the White House from 1969 to 1977 under 37th president Richard Nixon , and when he resigned in 1974 due to the Watergate scandal , Gerald Ford became the 38th president, serving until 1977. Ronald Reagan defeated incumbent Democratic President Jimmy Carter in

16128-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during

16272-480: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in

16416-459: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in

16560-501: The presidency in a landslide in the 1988 election . However, his term was characterized by division within the Republican Party. Bush's vision of economic liberalization and international cooperation with foreign nations saw the negotiation and, during the presidency of Democrat Bill Clinton in the 1990s, the signing of the North American Free Trade Agreement (NAFTA) and the conceptual beginnings of

16704-487: The right in the Republican Party. The Republicans returned to the presidency in the 1920s, winning on platforms of normalcy , business-oriented efficiency, and high tariffs. The national party platform avoided mention of prohibition, instead issuing a vague commitment to law and order . Warren G. Harding died in 1923 and Calvin Coolidge easily defeated the splintered opposition in 1924. The pro-business policies of

16848-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of

16992-464: The seat had been held for decades by Democrat Ted Kennedy . In November, Republicans recaptured control of the House , increased their number of seats in the Senate , and gained a majority of governorships . The Tea Party would go on to strongly influence the Republican Party, in part due to the replacement of establishment Republicans with Tea Party-style Republicans. When Obama was re-elected president in 2012 , defeating Republican Mitt Romney ,

17136-519: The setting of a shorter, more controlled primary season; and the creation of better data collection facilities. Following the 2014 elections , the Republican Party took control of the Senate by gaining nine seats. With 247 seats in the House and 54 seats in the Senate, the Republicans ultimately achieved their largest majority in the Congress since the 71st Congress in 1929. In the 2016 presidential election , Republican nominee Donald Trump defeated Democratic nominee Hillary Clinton . The result

17280-571: The state in the 1984 presidential election . In the 2000 presidential election , Democrat Al Gore won 61% of the popular vote in the state. An analysis of Gallup polling data shows the Democratic advantage over the Republican Party in Rhode Island voters plunged between 2008 and 2011. The Democratic advantage over the Republican Party in Rhode Island slid from 37 percentage points in 2008 to 16, according to Gallup. Rhode Island went from

17424-477: The values of republicanism promoted by Democratic-Republican Party, which its founder, Thomas Jefferson, called the "Republican Party". The idea for the name came from an editorial by the party's leading publicist, Horace Greeley, who called for "some simple name like 'Republican' [that] would more fitly designate those who had united to restore the Union to its true mission of champion and promulgator of Liberty rather than propagandist of slavery". The name reflects

17568-475: The war, but they did not attempt to do away with Social Security or the agencies that regulated business. Historian George H. Nash argues: Unlike the "moderate", internationalist, largely eastern bloc of Republicans who accepted (or at least acquiesced in) some of the "Roosevelt Revolution" and the essential premises of President Harry S. Truman 's foreign policy, the Republican Right at heart

17712-476: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and

17856-673: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in

18000-493: The world. The economic contagion began in 1929 in the United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on

18144-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among

18288-446: The younger Chafee became a Democrat during his later governorship) to the U.S. Senate since 1934. Rhode Island sent no Republicans to the U.S. House of Representatives from 1940 until 1980, when one Republican and one Democrat were elected. In 1980, Rhode Island was one of only six states to be won by incumbent president Jimmy Carter . However, Republican Edward DiPrete was elected governor in 1984 and Ronald Reagan narrowly carried

18432-658: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject

18576-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did

18720-548: Was a zealous radical. Gingrich's strategy of " constitutional hardball " resulted in increasing political polarization . The Republicans maintained their majority for the first time since 1928 despite Bob Dole losing handily to Clinton in the presidential election . However, Gingrich's national profile proved a detriment to the Republican Congress, which enjoyed majority approval among voters in spite of Gingrich's relative unpopularity. After Gingrich and

18864-500: Was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in

19008-415: Was counterrevolutionary. Anti-collectivist, anti-Communist , anti-New Deal, passionately committed to limited government , free market economics , and congressional (as opposed to executive) prerogatives, the G.O.P. conservatives were obliged from the start to wage a constant two-front war: against liberal Democrats from without and "me-too" Republicans from within. After 1945, the internationalist wing of

19152-515: Was elected president in the general election . This election result helped kickstart the American Civil War , which lasted from 1861 until 1865. The 1864 presidential election united War Democrats with the GOP in support of Lincoln and Tennessee Democratic senator Andrew Johnson , who ran for president and vice president on the National Union Party ticket; Lincoln was re-elected. Under Republican congressional leadership,

19296-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of

19440-592: Was established to decide who would be awarded the states' electors. After the Commission voted along party lines in Hayes' favor, Democrats threatened to delay the counting of electoral votes indefinitely so no president would be inaugurated on March 4. This resulted in the Compromise of 1877 and Hayes finally became president. Hayes doubled down on the gold standard , which had been signed into law by Grant with

19584-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing

19728-537: Was held on July 6, 1854, in Jackson, Michigan . The party emerged from the great political realignment of the mid-1850s, united in pro-capitalist stances with members often valuing Radicalism . The realignment was powerful because it forced voters to switch parties, as typified by the rise and fall of the Know Nothing Party , the rise of the Republican Party and the splits in the Democratic Party. At

19872-500: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by

20016-476: Was increasingly controversial, as he implemented a family separation policy for migrants , deployed federal law enforcement forces in response to racial protests and reacted slowly to the COVID-19 pandemic before clashing with health officials over testing and treatment. Trump was impeached by the House of Representatives in 2019 on charges of abuse of power and obstruction of Congress. On February 5, 2020,

20160-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened

20304-399: Was made speaker, and within the first 100 days of the Republican majority, every proposition featured in the Contract was passed, with the exception of term limits for members of Congress. One key to Gingrich's success in 1994 was nationalizing the election, which in turn led to his becoming a national figure during the 1996 House elections , with many Democratic leaders proclaiming Gingrich

20448-470: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that

20592-454: Was to prioritize drug rehabilitation programs and aid for prisoner reentry into society, a move intended to capitalize on President Clinton's tougher crime initiatives such as his administration's 1994 crime bill . The platform failed to gain much traction among members of the party during his presidency. The Republican Party remained fairly cohesive for much of the 2000s, as both strong economic libertarians and social conservatives opposed

20736-544: Was unexpected; polls leading up to the election showed Clinton leading the race. Trump's victory was fueled by narrow victories in three states— Michigan , Pennsylvania , and Wisconsin —that had been part of the Democratic blue wall for decades. It was attributed to strong support amongst working-class white voters, who felt dismissed and disrespected by the political establishment. Trump became popular with them by abandoning Republican establishment orthodoxy in favor of

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