Presidential elections were held in the United States on November 3, 1896. Former Governor William McKinley, the Republican nominee, defeated former Representative William Jennings Bryan, the Democratic nominee. The 1896 campaign, which took place during an economic depression known as the Panic of 1893, was a political realignment that ended the old Third Party System and began the Fourth Party System.
Incumbent Democratic President Grover Cleveland did not seek election to a second consecutive term (which would have been his third overall), leaving the Democratic nomination open. An attorney and former congressman, Bryan galvanized support with his Cross of Gold speech, which called for reform of the monetary system and attacked business leaders as the cause of ongoing economic depression. The 1896 Democratic National Convention repudiated the Cleveland administration and nominated Bryan on the fifth presidential ballot. Bryan then won the nomination of the Populist Party, which had won several states in 1892 and shared many of Bryan's policies. In opposition to Bryan, some conservative Bourbon Democrats formed the National Democratic Party and nominated Senator John M. Palmer. McKinley prevailed by a wide margin on the first ballot at the 1896 Republican National Convention.
Since the onset of the Panic of 1893, the nation had been mired in a deep economic depression, marked by low prices, low profits, high unemployment, and violent strikes. Economic issues, especially tariff policy and the question of whether the gold standard should be preserved for the money supply, were central issues. McKinley forged a conservative coalition in which businessmen, professionals, prosperous farmers, and skilled factory workers turned off by Bryan's agrarian policies were heavily represented. He was strongest in cities and in the Northeast, Upper Midwest, and Pacific Coast. Republican campaign manager Mark Hanna pioneered many modern campaign techniques, facilitated by a $3.5 million budget. Bryan presented his campaign as a crusade of the working man against the rich, who impoverished America by limiting the money supply. He said that silver was in ample supply and if coined into money would restore prosperity while undermining the illicit power of the money trust. Bryan was strongest in the South, rural Midwest, and Rocky Mountain states. His moralistic rhetoric and crusade for inflation (to be generated by the institution of bimetallism) alienated conservatives.
Bryan campaigned vigorously throughout the swing states of the Midwest, while McKinley conducted a front porch campaign. At the end of an intensely heated contest, McKinley won a majority of the popular and electoral vote. Bryan won 46.7% of the popular vote and Palmer just under 1%. Turnout was very high, passing 90% of the eligible voters in many places. McKinley became the first Republican to ever carry Kentucky in a presidential election, thereby breaking into the Solid South; while Bryan became the first Democrat to ever carry Nebraska and Kansas, as well as several other Western states that had only recently been admitted to the Union, in a presidential election. The Democratic Party's repudiation of its Bourbon faction largely gave Bryan and his supporters control of the party until the 1920s and set the stage for Republican domination of the Fourth Party System. The four elections from 1884 to 1896 saw the incumbent party defeated each time; the only other such streak was from 1840 to 1852.
Nominations
Republican Party nomination
Other candidates
Following the defeat of former President Benjamin Harrison at the 1892 election, Ohio governor William McKinley rapidly became the overwhelming favorite to be the party's nominee in 1896, having finished a strong third behind Harrison and veteran candidate James G. Blaine (who had passed away not long after the election) at the party's 1892 convention. The only likely impediment to McKinley's candidacy was seen to be a possible comeback attempt by Harrison, but Harrison made it clear in early 1896 that he had no intention of making a third presidential run, and endorsed McKinley. At their convention in St. Louis, Missouri, held between June 16 and 18, 1896, the Republicans nominated McKinley for president and New Jersey's Garret Hobart for vice president. McKinley had just vacated the office of governor of Ohio. Both candidates were easily nominated on first ballots.
McKinley's campaign manager, the wealthy and talented Ohio businessman Mark Hanna, visited the leaders of large corporations and major, influential banks after the Republican Convention to raise funds for the campaign. With many businessmen and bankers terrified of Bryan's populist rhetoric and demand for the end of the gold standard, Hanna had little difficulty raising record amounts of money. He raised $3.5 million for the campaign and outspent the Democrats by an estimated 5-to-1 margin. McKinley was the last veteran of the American Civil War to be nominated for president by either major party, and indeed the last Civil War veteran to be on a major party's presidential ticket in any capacity (Henry G. Davis, the Democratic vice-presidential candidate in 1904, took part in the Union war effort, but in a non-combat role).
Democratic Party nomination
Other candidates
One month after McKinley's nomination, supporters of silver-backed currency took control of the Democratic convention, held in Chicago on July 7–11. Most of the Southern and Western delegates were committed to implementing the Populist Party's "free silver" ideas. The convention repudiated Cleveland's gold standard policies and Cleveland himself. This left the convention wide open: there was no obvious successor to Cleveland. A two-thirds vote was required for the nomination and the silverites had it in spite of the extreme regional polarization of the delegates. In a test vote on an anti-silver measure, the Eastern states (from Maryland to Maine), with 28% of the delegates, voted 96% in favor. The other delegates voted 91% against, so the silverites could count on a majority of 67% of the delegates.
The attorney, former congressman, and unsuccessful Senate candidate William Jennings Bryan filled the void. A superb orator, Bryan hailed from Nebraska and spoke for farmers suffering from the economic depression following the Panic of 1893. At the convention, he gave what has been considered one of the greatest political speeches in American history, the "Cross of Gold" Speech. Bryan presented a passionate defense of farmers and factory workers struggling to survive the economic depression, and attacked big-city business owners and leaders as the cause of much of their suffering. He called for reform of the monetary system, an end to the gold standard, and government relief efforts for farmers and others hurt by the depression. Bryan's speech was so dramatic that many delegates carried him on their shoulders around the convention hall afterward.
The next day, eight names were placed in nomination: Richard Bland, William J. Bryan, Claude Matthews, Horace Boies, Joseph Blackburn, John R. McLean, Robert E. Pattison, and Sylvester Pennoyer. Despite a strong initial showing by Bland, who led on the first three ballots, Bryan's speech helped him gain the momentum required to win the nomination, which he did on the fifth ballot, after most of the other candidates withdrew in his favor.
After Bland's defeat, his supporters attempted to nominate him as Bryan's running mate, but Bland was more interested in winning back his former seat in the House of Representatives, and so withdrew his name from consideration despite leading the early rounds of voting. Arthur Sewall, a wealthy shipbuilder from Maine, was eventually chosen as the vice-presidential nominee. It was felt that Sewall's wealth might encourage him to help pay some campaign expenses. At just 36, Bryan was only a year older than required by the Constitution to be president. He remains the youngest person ever nominated for president by a major party.
Third parties and independents
People's Party nomination
Of the several third parties active in 1896, by far the most prominent was the People's Party. Formed in 1892, the Populists represented the philosophy of agrarianism (derived from Jeffersonian democracy), which held that farming was a superior way of life that was being exploited by bankers and middlemen. The Populists attracted cotton farmers in the South and wheat farmers in the West, but significantly few farmers in the Northeast and rural Midwest. In the presidential election of 1892, Populist candidate James B. Weaver carried four states, and in 1894, the Populists scored victories in congressional and state legislature races in a number of Southern and Western states. In the Southern states, including Alabama, North Carolina, Tennessee, and Texas, the wins were obtained by electoral fusion with the Republicans against the dominant Bourbon Democrats, whereas in the rest of the country, fusion, if practiced, was typically undertaken with the Democrats, as in the state of Washington. By 1896, some Populists believed that they could replace the Democrats as the main opposition party to the Republicans. However, the Democrats' nomination of Bryan, who supported many Populist goals and ideas, placed the party in a dilemma. Torn between choosing their own presidential candidate or supporting Bryan, the party leadership decided that nominating their own candidate would simply divide the forces of reform and hand the election to the more conservative Republicans. At their national convention in 1896, the Populists chose Bryan as their presidential nominee. However, to demonstrate that they were still independent from the Democrats, the Populists also chose former Georgia Representative Thomas E. Watson as their vice-presidential candidate instead of Arthur Sewall. Bryan eagerly accepted the Populist nomination, but was vague as to whether, if elected, he would choose Watson as his vice-president instead of Sewall. With this election, the Populists began to be absorbed into the Democratic Party; within a few elections the party would disappear completely. The 1896 election was particularly detrimental to the Populist Party in the South; the party divided itself between members who favored cooperation with the Democrats to achieve reform at the national level and members who favored cooperation with the Republicans to achieve reform at a state level.
Bryan's Democratic and Populist supporters organized joint "fusion" tickets in several states with pledged electors drawn from both parties. The New York Times counted seventy-one Populist and six Silver Republican electoral candidates pledged to Bryan. In ten states where the fusion ticket was successful, twenty-seven electors voted for Bryan for president and Watson for vice president. (The remainder of Bryan's 176 electors, including the Populist and Silver Republican electors from Colorado and Idaho, voted for Sewall.)
Prohibition Party nomination
The Prohibition Party went into the convention divided into two factions, each unwilling to give ground or compromise with the other. The "Broad-Gauge" wing, led by Charles Bentley and former Kansas Governor John St. John, demanded the inclusion of planks endorsing the free coinage of silver at 16:1 and of women's suffrage, the former refusing to accept the nomination if such amendments to the party platform were not approved. The "Narrow-Gauge" wing, led by Samuel Dickie of Michigan and rallying around the candidacy of Joshua Levering, demanded that the party platform remain dedicated exclusively to the prohibition of alcohol. Conflict between the two sides soon broke out over the nomination of a permanent chairman, with a number of presented candidates for the position withdrawing before Oliver Stewart of Illinois, a "Broad-Gauger", was nominated. A minority report by St. John supported the free coinage of silver, government control of railroads and telegraphs, an income tax and referendums, and was prevented from being tabled, giving "Broad-Gaugers" confidence, but a number of those who voted for the report were merely undecided or against gagging the report. After a majority of 188 brought the report forward, "Narrow-Gaugers" campaigned among wavering delegates of the Northeast and Midwest to convince them of the electoral consequences should it be adopted: that Party gains in states like New York would reverse overnight in the face of free coinage and populism. When St. John's report was brought up to a formal vote the margins had largely reversed; it was rejected, 492 to 310. With the silver delegates still in shock and St. John attempting to move for a reconsideration, Illinois "Narrow-Gaugers" moved to offer as a substitute to both the minority and majority reports a single-plank platform centered on Prohibition. A rising vote was taken in lieu of a roll call, with the "Narrow-Gauge" Platform winning the vote and being adopted.
In an attempt to mollify suffragists who were incensed at the lack of a plank endorsing women's suffrage, the plank itself was adopted through a resolution by the convention by a near unanimous vote. When it came to the nomination for president, many "Broad-Gaugers" were already openly considering bolting and running their own candidate as it became increasingly apparent that the "Narrow-Gaugers" had brought a majority of the convention under their influence. Formal action was deferred until after the nomination for president was made. With Charles Bentley refusing to be nominated under the single-plank platform, an attempt was made to nominate the recently retired governor of the Arizona Territory, Louis Hughes, but as it became apparent that Levering was set to receive the support of most of the delegates, they opted to withdraw Hughes's name. Once Levering's nomination was confirmed without any visible opposition, around 200 of those who were suffragists, silverites or populists bolted the convention, led by Bentley and St. John, and joined with the National Reform "Party" to create the National Party. Afterward, the convention unanimously nominated Hale Johnson of Illinois for vice president.
National Party nomination
Initially known as the "National Reform Party", the convention itself started only a day before the Prohibition National Convention, also being held in Pittsburgh, Pennsylvania. Though initially only a gathering of eight or so delegates, it was hoped that any bolters from the Prohibition Party might find their way there and would support the nomination of Representative Joseph C. Sibley for president. A sizable bolt did indeed occur upon the nomination of Joshua Levering by the Prohibition Party to the presidency, with Charles E. Bentley and former Kansas governor John St. John leading a walkout of "Broad-Gaugers" from their convention, St. John himself exclaiming that the regular convention had been "...bought up by Wall Street." The two groups would reorganize as the "National Party" and swiftly nominated Charles Bentley for the presidency, with James Southgate, the State Chairman for the North Carolina Prohibition Party, as his running mate. The delegates approved the minority report that had been rejected at the Prohibitionist Convention calling for free coinage and greenbacks, government control of railroads and telegraphs, direct election of senators and the president, and an income tax among others.