the populist movement. a.) money issues: problem: civil war issue “greenbacks” (greenbacks worth...

The Populist Movement

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A.) Money Issues: Problem:

Civil War issue “Greenbacks” (Greenbacks worth less than hard money)

Solution: Government takes them out of circulation!

Outcome: 1. Farmers lose land and cant buy more!2. Money becomes a national issue

I.) Issues

B. Issue with the RailroadsCause: 1. Lack of competition for railroads2. Secret agreements = railroads control grain prices

Effect:1. Farmers pay high prices to transport goods2. Farmers mortgage farms & pay high interest

Outcome:1. Calls for Reform!

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II.) Reform MovementsA. Granger Movement- organization of

farmers to provide a social outlet & educational opportunities for farm families

B. Farmers’ Alliance- organization of farmers with the goals to:- educate about lower interest rates- urge govt. control of banks & railroads

http://images.google.com/url?sa=i&rct=j&q=grangers%20movement&source=images&cd=&cad=rja&docid=PMz2CmxG4kBFwM&tbnid=kTYkIkz8jtJ2OM:&ved=0CAUQjRw&url=http://www.britannica.com/EBchecked/media/96354/The-Granger-movement-lithograph-from-1873&ei=iW7pUaPZCISWiAKr3oD4Dg&psig=AFQjCNEwdzrVJK6utrAG29NRwdxBigKZPw&ust=1374339076690229

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C. Populism- political movement seeking that people have a greater say in govt. (advocated for farmers & workers) Goals:

1. Economic reform:

-increase money supply-graduated income tax

• -federal loan program

2. Government reform:

-senators elected by popular vote -single terms for president & vice -secret ballot to end vote fraud

3. Social reform:-eight hour work day-restrictions on immigration

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III.) The Populist Party & IssuesA. Election of 1892- Populist candidate wins 10% of vote

B. Panic of 1893- economic recession

Cause: - Railroads go bankrupt- Stock Market prices fall- Trade of currency for gold- Silver price falls

Effect: -15,000 businesses close- 500 banks collapse- wages, investments, prices fall- 3 million lost jobs

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Question: Gold or Silver?

2. Gold Standard- monetary system in which dollars are backed solely by gold (Gold Bugs)

1. Bimetallism- monetary system in which citizens get gold or silver in exchange for paper currency (Silverites)

Vs.

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C. The Election of 1896-

Outcome: -McKinley wins election - Populist Party collapses

Legacy: - People could Organize & make Reforms - Big Business Rules!!!

Republican candidate William McKinley of Ohio (Gold Bug)

Democratic candidate William Jennings Bryan (Sliverite)

Populist candidate Thomas Watson

Vs. Vs.

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the populist movement. a.) money issues: problem: civil war issue “greenbacks” (greenbacks worth...

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