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Explain problems farmers faced during the late 1800s. – Decreasing prices – Railroad monopolies/price gouging – Heavy debt – Gold standard/deflation –

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Presentation on theme: "Explain problems farmers faced during the late 1800s. – Decreasing prices – Railroad monopolies/price gouging – Heavy debt – Gold standard/deflation –"— Presentation transcript:

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2 Explain problems farmers faced during the late 1800s. – Decreasing prices – Railroad monopolies/price gouging – Heavy debt – Gold standard/deflation – Weather/nature

3 What things brought about the decrease in the price of farm products? – More farmers (over supply) – Increased efficiency (over supply) Education New inventions – Deflation (dollar worth more)

4 How did the Grange help farmers improve their living and working conditions? – Provide social functions – Provide education – Provide economic help (pool resources, cash exchanges)

5 What did the Populist party platform call for? – In relation to farmers… Bimetallism Regulation of railroads – For everyone else… Direct election of Senators Graduated income tax 8 hour work day

6 How does bimetallism help farmers/those in debt? How does it hurt businessmen? – Bimetallism: Causes inflation, more money, decreases value of dollar, helps pay debt easier – Businessmen hurt because value of cash is lowered, costs for goods higher

7 What were the consequences of the Panic of 1893? – Economy collapses – Thousands of businesses go bankrupt – Unemployment skyrockets – Populist Party gains attention and momentum

8 What is the difference between a gold bug and a silverite? – gold bug: wants a gold standard (no silver coinage) – silverite: want both gold and silver coinage

9 How did the election of 1896 bring an end to populism? – Populists partially joined Democratic party Same candidate (William Jennings Bryan) – Democratic party loses


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