| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23932 |
| 来源ID | Working Paper 23932 |
| Populists at the Polls: Economic Factors in the 1896 Presidential Election | |
| Barry Eichengreen; Michael R. Haines; Matthew S. Jaremski; David Leblang | |
| 发表日期 | 2017-10-16 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The 1896 presidential election between William Jennings Bryan and William McKinley has gained new salience in the wake of the 2016 contest. We provide the first systematic analysis of voting patterns in 1896, combining county-level returns with economic, financial, demographic and climatological data. Specifically, we consider the economic concerns of the Populists with falling crop prices, high interest rates and railroad monopolies. We show that Bryan did well where mortgage interest rates were high, railroad penetration was low, and crop prices had declined by most over the previous decade. Using our estimates, we show that further declines in crop prices or increases in interest rates would have been enough to tip the Electoral College in Bryan’s favor. But to change the outcome, the additional fall in crop prices would have had to be large. The counterfactual increase in interest rates appears, at first blush, to have been more modest. But where previous authors have argued that interest rates came down in the 1890s because of the entry of additional banks, our estimates indicate that bank entry would have had to be very significantly slower to tip the election. There is no question that economic grievances mattered in 1896. But small or even moderate changes in economic conditions would not have changed the outcome of the election. |
| 主题 | History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w23932 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581605 |
| 推荐引用方式 GB/T 7714 | Barry Eichengreen,Michael R. Haines,Matthew S. Jaremski,et al. Populists at the Polls: Economic Factors in the 1896 Presidential Election. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23932.pdf（1495KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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