An attorney and former congressman, Bryan galvanized support with his Cross of Gold speech, which called for reform of the monetary system and attacked business leaders as the cause of ongoing economic depression.
McKinley forged a conservative coalition in which businessmen, professionals, prosperous farmers, and skilled factory workers turned off by Bryan's agrarian policies were heavily represented.
With many businessmen and bankers terrified of Bryan's populist rhetoric and demand for the end of the gold standard, Hanna had little difficulty raising record amounts of money.
Bryan presented a passionate defense of farmers and factory workers struggling to survive the economic depression, and attacked big-city business owners and leaders as the cause of much of their suffering.
The next day, eight names were placed in nomination: Richard Bland, William J. Bryan, Claude Matthews, Horace Boies, Joseph Blackburn, John R. McLean, Robert E. Pattison, and Sylvester Pennoyer.
The "Narrow-Gauge" wing, led by Samuel Dickie of Michigan and rallying around the candidacy of Joshua Levering, demanded that the party platform remain dedicated exclusively to the prohibition of alcohol.
After a majority of 188 brought the report forward, "Narrow-Gaugers" campaigned among wavering delegates of the Northeast and Midwest to convince them of the electoral consequences should it be adopted: that Party gains in states like New York would reverse overnight in the face of free coinage and populism.
When it came to the nomination for president, many "Broad-Gaugers" were already openly considering bolting and running their own candidate as it became increasingly apparent that the "Narrow-Gaugers" had brought a majority of the convention under their influence.
Though initially only a gathering of eight or so delegates, it was hoped that any bolters from the Prohibition Party might find their way there and would support the nomination of Representative Joseph C. Sibley for president.
The delegates approved the minority report that had been rejected at the Prohibitionist Convention calling for free coinage and greenbacks, government control of railroads and telegraphs, direct election of senators and the president, and an income tax among others.
Its platform favored reduction in hours of labor; possession by the federal government of mines, railroads, canals, telegraphs, and telephones; possession by municipalities of water-works, gas-works, and electric plants; the issue of money by the federal government alone; the employment of the unemployed by the public authorities; abolition of the veto power; abolition of the United States Senate; women's suffrage; and uniform criminal law throughout the Union.
Formed in 1892, the Populists represented the philosophy of agrarianism (derived from Jeffersonian democracy), which held that farming was a superior way of life that was being exploited by bankers and middlemen.
Near the beginning of that year, U.S. senators from silver-producing states (Colorado, Idaho, Nevada, and Montana) began objecting to President Benjamin Harrison's economic policies and advocated the free coinage of silver.
The first major statement by the national Silver Party was an address delivered to the American Bimetallic League, printed in the Emporia Daily Gazette on March 6, 1895.
Stevens, a member of the executive committee, told a reporter that the Silver Party "will bring to the support of [Bryan] hundreds of thousands who do not wish to vote a Democratic ticket."
The Republicans hoped that Palmer could draw enough Democratic votes from Bryan to tip marginal Midwestern and border states into McKinley's column.
Repeatedly they depicted Bryan's prospective defeat, and a credible showing for Palmer, as paving the way for ultimate recapture of the Democratic Party, and this did indeed happen in 1904.
[27] McKinley emulated Benjamin Harrison's 1888 front porch campaign and raised money from various interest and demographic groups from his home in Canton, Ohio.
[32] The Democratic Party in Eastern and Midwestern cities had a strong German Catholic base that was alienated by free silver and inflationist panaceas.
Even though Bryan did not have the same amount of campaign funds as McKinley, his messaging was impactful enough to earn a significant electoral vote, and he only needed a few more states to win the election.
The outcome of the 1896 election shifted party coalitions as Republicans maintained strong relationships with businesses, professionals, skilled workers, and wealthy farmers.
Outspent and shut out of the party's traditional newspapers, Bryan decided his best chance to win the election was to conduct a vigorous national speaking tour by train.
His fiery crusading rhetoric to huge audiences would make his campaign a newsworthy story that the hostile press would have to cover, and he could speak to the voters directly instead of through editorials.
Silverites welcomed their hero with all-day celebrations of parades, band music, picnic meals, endless speeches, and undying demonstrations of support.
To ensure victory, Hanna paid large numbers of Republican orators (including Theodore Roosevelt) to travel around the nation denouncing Bryan as a dangerous radical.
Morgan noted, "full organization, Republican party harmony, a campaign of education with the printed and spoken word would more than counteract" Bryan's speechmaking.
[45] Several of Bryan's advisors recommended additional campaigning in the Upper South States of Kentucky, West Virginia, Maryland and Delaware.
[46] McKinley secured a solid victory in the electoral college by carrying the core of the East and Northeast, while Bryan did well among the farmers of the South, West, and rural Midwest.
According to a 2017 National Bureau of Economic Research paper, Bryan did well where mortgage interest rates were high, railroad penetration was low, and crop prices had declined by most over the previous decade.
"[55] One-half of the total vote of the nation was polled in eight states carried by McKinley (New York, New Jersey, Pennsylvania, Ohio, Indiana, Illinois, Michigan, and Wisconsin).