Bourbon Democrat

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Bourbon Democrat was a term used in the United States in the late 19th century and early 20th century (1872–1904) to refer to members of the Democratic Party who were ideologically aligned with fiscal conservatism or classical liberalism and political conservatism, especially those who supported presidential candidates Charles O'Conor in 1872; Samuel J. Tilden in 1876; President Grover Cleveland in 1884, 1888, and 1892; and Alton B. Parker in 1904. Bourbon Democrats were promoters of a form of laissez-faire capitalism which included opposition to the high-tariff protectionism that the Republicans were advocating, as well as fiscal discipline. They represented business interests, generally supporting the goals of banking and railroads but opposing subsidies and trade protectionism; they opposed the annexation of Hawaii; they fought for the gold standard against the use of silver to inflate prices, thereby promoting what they called "hard" and "sound" money. As strong supporters of states...

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