Origins of "Cronyism"

Lately, I’ve been seeing the use of the word “cronyism” in the news, usually in regard to awarding of post-Iraqi action contracts, and did not realize its meaning and pronounciation (thought it was some type of political movement at first). After a bit, I realized it had a root word of “crony” and began to understand its full implications. So, how long have I been asleep regarding the use of this word and when did it first gain popular use?

First time I ever heard it used was while reading your OP. New one on me, but then I don’t watch the news too much lately.

You must be Rip Van Winkle, Skott, because the first use given in the OED Online is 1840.

It probably has been in popular use for most of the 20th century.

Well, I have been feeling pretty tired, lately, Exapno. I had no idea it went back that far; I did find it in dictionary.com, but only one entry (when there are usually several). It just has the sound of something the media has made up when Bush started his presidency.

Crony; from the Greek term “chronios:” long lasting. Meaning a longtime friend.
Cronyism: helping out you old friends; like nepotism without the blood-relations