John Sherman was an influential American politician from Ohio, whose career spanned from the Civil War era into the late nineteenth century. Born in Lancaster and later moving to Mansfield, he began his professional life as a lawyer before entering politics. A member of the Republican Party and initially a Whig, Sherman was an anti-slavery advocate who played a significant role in the formation of the Republican Party. He served three terms in the House of Representatives, where he gained prominence for his investigations into the Kansas conflict and nearly became Speaker in 1859. Elected to the Senate in 1861, Sherman became a key figure in financial matters, helping to reshape the U.S. monetary system during a time of national upheaval. Throughout his extensive political career, Sherman held several significant positions, including Secretary of the Treasury and Secretary of State. As Secretary of the Treasury under President Rutherford B. Hayes, he worked diligently to stabilize the economy, overseeing the transition from wartime inflation to a gold-backed currency. His most notable legislative achievement was the Sherman Antitrust Act of 1890, which aimed to curb monopolistic practices and promote fair competition. Despite his aspirations for the presidency, Sherman never secured the nomination, but his legacy as a leader in financial reform and antitrust legislation left a lasting impact on American politics. He retired from public life due to health issues in 1898 and passed away in Washington, D.C., in 1900.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”
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