Economic distress Quotes
This proposal was considered so dangerous to the established Anglican Church that Holyoake was charged with Blasphemy, tried, convicted and sentenced to 6 months in prison.
The debate in America around jobs during the Great Recession in 2012 may have seemed like a new issue for many Americans. The government wanted to economize, but there was a very high unemployment. Should the government spend money to employ more people or cut back on government jobs. The same issue faced the British in 1848. Most of the politicians and the Parliament wanted to reduce government spending. The Prince (husband of Queen Victoria) and the Queen observed that the economy solution would fall more heavily on the working class. At this time, the British monarchy was far more liberal than most of the politicians.
The country was in a terrible recession and McKinley and other politicians of the time did not know about or understand the use of a counter-cyclical policy of government stimulus. With the economy devastated and the main revenue for the Federal Government coming only from import customs duty, the Federal coffers were emptying rapidly. Retrenchment was the only possible step that was then known.