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, usually Southern, who were ideologically aligned with conservatism or classical liberalism, especially those who supported presidential candidates Charles O'Conor in 1872, Samuel J. Tilden in 1876, President Grover Cleveland in 1884–1888/1892–1896, 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.
The Supreme Court justices' endorsement of laissez-faire capitalism in the late nineteenth and early twentieth centuries was significant because it prevented Congress from regulating any economic activity that occurred within a state.
<h3><u>What is laissez-faire capitalism ?</u></h3>
- Laissez-faire is a free-market, capitalist economic theory that rejects government interference.
- The French Physiocrats, who lived in the 18th century, created the laissez-faire ideology.
- According to proponents of laissez-faire, government involvement in industry and markets hinders economic progress.
- The principles of laissez-faire were later expanded upon by free-market economists as a means of achieving economic development, despite criticism that it encouraged inequality.
- Critics contend that some level of government control and participation is necessary for markets.
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<span>Renaissance art is full of works that only exist because of powerful patrons.
The most famous of all of them were... </span>
<span>Cosimo de' Medici, head of the Medici banking family and de facto ruler of Florence.
Hope this helps!:)
@SamSamySamantha
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Answer:
Federalist No. 70 argues in favor of the unitary executive created by Article II of the United States Constitution. According to Alexander Hamilton, a unitary executive is necessary to: <em>ensure accountability in government. enable the president to defend against legislative encroachments on his power.</em>
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