American Business History

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Grover Cleveland

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American Business History

Definition

Grover Cleveland was the 22nd and 24th President of the United States, known for being the only president to serve two non-consecutive terms in office. His leadership style emphasized integrity and a commitment to reforming government corruption, and he is best remembered for his opposition to high tariffs and support for the Interstate Commerce Act, which sought to regulate railroad rates.

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5 Must Know Facts For Your Next Test

  1. Cleveland's first term lasted from 1885 to 1889, during which he focused on civil service reform and reducing government corruption.
  2. His second term, from 1893 to 1897, was marked by economic turmoil, including the Panic of 1893, which led to widespread unemployment and business failures.
  3. Cleveland was a staunch opponent of the gold standard and favored the use of both gold and silver, which led to significant debates about monetary policy during his presidency.
  4. He vetoed more bills than any other president up to that time, demonstrating his commitment to fiscal conservatism and limited government intervention.
  5. Cleveland's legacy is mixed; he is praised for his integrity but criticized for his reluctance to intervene during labor strikes, such as the Pullman Strike of 1894.

Review Questions

  • How did Grover Cleveland's approach to tariffs reflect his broader economic policies during his presidency?
    • Grover Cleveland's approach to tariffs was characterized by his strong belief in lowering protective tariffs, which he argued benefited consumers by reducing prices. This stance was part of his broader economic policy aimed at promoting free trade and competition. By advocating for tariff reform, Cleveland sought to dismantle monopolistic practices that he believed hindered economic growth and fairness in the marketplace.
  • Discuss how the Interstate Commerce Act aligned with Grover Cleveland's principles of governance and reform.
    • The Interstate Commerce Act aligned closely with Grover Cleveland's principles of governance as it aimed to promote fairness and regulate monopolistic practices in the railroad industry. Cleveland viewed railroads as vital to American commerce but recognized the need for government oversight to prevent exploitation of consumers. By supporting this act, he demonstrated his commitment to reforming a system that had previously allowed powerful corporations to dictate prices without accountability.
  • Evaluate how Grover Cleveland's presidency influenced the relationship between government and big business in America during the late 19th century.
    • Grover Cleveland's presidency significantly influenced the evolving relationship between government and big business in America by establishing a precedent for federal regulation. His support for measures like the Interstate Commerce Act marked a shift toward greater government involvement in economic affairs, particularly in curbing corporate abuses. However, his reluctance to intervene during labor disputes reflected a tension between promoting business interests and protecting workers' rights, a duality that would continue to shape American politics well into the future.

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