For One of Only a Few Times in Its History

question 30

Essay

For one of only a few times in its history, the Treasury showed a surplus in the 1880s. Why did this development become a major political problem for President Cleveland? Was this political problem ultimately resolved by Congress and President Harrison in a way that economically benefited the country? If so, why? If not, why not?

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).

Entrepreneurs

Entrepreneurs are individuals who create, organize, and lead a business venture, taking on financial risks in the hope of profit, driven by innovation, and operationalizing ideas into marketable products or services.

Educated

Having acquired knowledge, skills, and learning, typically through formal schooling or self-directed study.

Family Firms

Businesses that are owned and managed by one or more members of the same family.