The Cross of Gold discourse was a discourse conveyed by William Jennings Bryan at the 1896 Democratic National Convention in Chicago. The discourse pushed Bimetallism. At the time, the Democratic Party needed to institutionalize the estimation of the dollar to silver and contradicted pegging the estimation of the United States dollar to a best quality level. The expansion that would come about because of the silver standard would make it less demanding for agriculturists and different borrowers to pay off their obligations by expanding their income dollars. It would likewise turn around the collapse which the U.S. experienced from 1873-1896.
The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
There were many factors that led to the rise of political machines in American cities in the 18th, 19th, and 20th centuries. One of the major factors that led to the rise of political machines was the rise of immigrant populations who sought to gain and increase their influence in the political realm and served as a powerful political tool for political machines. Political machines worked to enfranchise these voters through a system of patronage, and bribes and would bring them out on election days to support politicians who paid political bosses or awarded government privileges to. Positive aspects of this system were that it gave some increased level of representation of immigrant populations and worked to enfranchise these new political groups. However, these machines led to a high level of corruption and hurt the meritocracy of government institutions at the time.
