William McKinley - WST Traditional Cache
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Another cache along the trail.
Let's learn a little bit about the presidents while geocaching.
25th President of the United States
March 4, 1897 – September 14, 1901
McKinley's inauguration marked the beginning of the greatest movement of consolidation that American business had ever seen. Such consolidation of business (then called trusts) was the culmination of a trend already far under way when McKinley took office. The administration did not actively use the Sherman Antitrust Act as would Theodore Roosevelt and therefore trusts were allowed to grow.
McKinley validated his claim as the "advance agent of prosperity" when the year 1897 brought a revival of business, agriculture, and general prosperity. This was due to the end of the Panic of 1893 which was caused by deflation dating back to the Civil War and underconsumption. The end of the deflationary period was largely due to the Gold Standard Act of 1900 which set the value of the dollar, thus alleviating some of the monetary concerns that had plagued the United States since the 1870s. This wave of prosperity, bolstered by US victory in the Spanish-American War, would carry on into the 20th century until the Panic of 1907 and ensured McKinley's reelection in 1900.
On June 16, 1897, a treaty was signed annexing the Republic of Hawaii to the United States. The Government of Hawaii speedily ratified this, but it lacked the necessary two-thirds vote in the U.S. Senate. The solution was to annex Hawaii by joint resolution. The resolution provided for the assumption by the United States of the Hawaiian debt up to $4,000,000.
The above information was compiled from Wikipedia.
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(Decrypt)
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