The 1880s.
And earlier, but then it was Britain being run by business interests, and the main reason for the US becoming independent was conflict between local and remote business interests. (Particularly, North American interests and regulation serving the East India Company.)
Hopefully the Republicans choose an adult this time who will not try that again but that is doubtful given the choices so far.
You may be interested in this pamphlet written by founding father Thomas Paine:
That's one way of looking at it. Another way would be: he made enough basic concessions to the working class to prevent an outright socialist revolution. We weren't very far from it at that point in history.
The welfare state is a safeguard. Every modern state has social supports, just like every modern road system has traffic control devices and other safety measures. The alternative, as we've seen repeatedly, is to allow unchecked profit motive to grind the masses down to the point that they start erecting guillotines.