Ideas and Their Consequences: Benjamin Harrison and the Seeds of Economic Crisis, 1889-1893

Critical Review: A Journal of Politics and Society 33 (1):102-127 (2021)
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Abstract

ABSTRACT The little-studied presidency of Benjamin Harrison offers valuable insights into the surprising role that political ideas can play in government. Harrison was a highly qualified president who demonstrated energetic leadership and political skill, but whose ideological commitment to the Republican party as a quasi-sacred enterprise overrode other important considerations, thereby contributing to one of the greatest economic catastrophes in U.S. history: the Depression of 1893-1897. His ideas about the Republican party were forged in its early years, when it led the political battle against slavery; but when Harrison became president, the party’s interests in trade protectionism, veterans’ pensions, and silver drove him to support policies that eventually sent the economy into a tailspin from which it took years to recover.

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