BenkeiDNA
Banned
Niek Koning writes that In the late 1850s, many farmers joined the new Republican party, which promised free soil and the exclusion of slavery from the new terriories. After the victory of the Union, however, the new party revealed itself as a tool of northeastern business interests, imposing monetary restrictions and granting government support to big business (The Failure of Agrarian Capitalism by Niek Koning) he also writes how Wartime loyalties enabled the new Republican federalists to maintain their hold of nothern farmers for some time, before the Granger movement, the anti-monopoly parties and the rise of tariff-reform agiation when there was a partial return of nothern farmers to the Democratic party.
It was in northeast where Wall street where located and J.P. Morgan and Rocefeller had their powerbase with strong connections to the british elites, and Morgan would invest heavily in politicians who he thought would govern sympathetically to big business and financial institutions, and to fight populism.
My question to you is this,
It was in northeast where Wall street where located and J.P. Morgan and Rocefeller had their powerbase with strong connections to the british elites, and Morgan would invest heavily in politicians who he thought would govern sympathetically to big business and financial institutions, and to fight populism.
My question to you is this,
- Do you know of any connections between business interests like JP morgan and the federalist elites and the Democratic party around 1870?, did any federalist infiltrate the democratic party and where there any kind of struggles in this way inside of the democratic party during this time?.
- Do you know of any new republican of the 1850s who had some direct connections to JP morgan or Rockefeller or any other elites and bankers during this time?.