President Grover Cleveland aroused widespread public anger by his action of

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President Cleveland's decision to borrow $65 million in gold from J.P. Morgan's banking syndicate to prop up the gold reserves of the federal government outraged many Americans who believed that such a move favored Wall Street financiers over the interests of ordinary citizens. The deal was known as the "Morgan Bond" and it was widely criticized as a symbol of government corruption and collusion with big business.

President Grover Cleveland Aroused Widespread Public Anger by His Action