Campaign Finance
For most of the twentieth century campaign finance has been dominated by political parties. This was mainly due to their control over the campaigns themselves. The parties managed every aspect of the campaign, much of it without the need for cash. Instead, the campaigning relied on services volunteered or bartered for some party-controlled favor. However, when the party needed cash it was raised, and more often than not, the cash came from the candidates. The candidate’s contributions were often expected when necessary, as a condition of receiving the party's nomination. However, the candidate could not be relied on for large sums of money. In this case the parties depended on the storied fat cats, or men of wealth. Insurance executive Clement Stone and his wife Jessie are the record-holding fat cats, giving $2.8 million to Richard Nixon’s first presidential victory. While some local campaigns did not use any fat cats, none were able to compete with major party campaigns. In 1928, 69.7% of the receipts of the Democratic National Committee, and 68.4% of the receipts of the Republican National Committee came from contributions of $1,000 or greater. The political dominance by the parties, and their big contributors, exten
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Some common words found in the essay are:
Economic Development, Finally Congress, Jeffrey Birnbuam, National Committee, Birnbaum Including, Jeffrey Birnbaum, Presidential Elections, Soon Watergate, , Amendment Court, campaign finance, political parties, party committees, fat cats, major party, campaign financing, limits contributions, 1974 dollars, campaign money, buckley valeo, clement stone wife,
Approximate Word count = 1958
Approximate Pages = 8 (250 words per page double spaced)
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