Benjamin Harrison followed the distinguished example of his grandfather William Henry Harrison all the way to the White House, winning election as the nation’s 23rd president in 1888. While his support for protective tariffs led to rising prices for consumers and arguably paved the way for the nation’s future economic woes, his bold pursuit of America’s foreign policy goals (including his proposal to annex the Hawaiian Islands) displayed his expanded vision of the nation’s role in world affairs. In 1890, Harrison signed into law the Sherman Antitrust Act, the first piece of legislation designed to prohibit industrial combinations, or trusts. Before the end of his first term, support for Harrison was waning even within the Republican Party. In 1892, he lost his bid for reelection to Grover Cleveland by a wide margin; he remained active in public life as a lawyer and public speaker until his death in 1901.