Grover Cleveland led the party faction of conservative, pro-business Bourbon Democrats, but as the depression of 1893 deepened his enemies multiplied. At the 1896 convention, the silverite-agrarian faction repudiated the President and nominated the crusading orator William Jennings Bryan on a platform of free coinage of silver. The idea was that minting silver coins would flood the economy with cash and end the depression. Cleveland supporters formed the National Democratic Party (Gold Democrats), which attracted politicians and intellectuals (including Woodrow Wilson and Frederick Jackson Turner) who refused to vote Republican.