U.S. II -- Chapter 6 Section 4 Section Review Questions - Page 247 #1-5

2 Vocabulary 1. Explain the significance of: populism, greenbacks, inflation, deflation, cooperatives, Farmers’ Alliance, People’s Party, graduated income tax, William Jennings Bryan, William McKinley. populism – political movement founded in the 1890s representing mainly farmers, favoring free coinage of silver and government control of railroads and other large industries greenbacks - a piece of U.S. paper money first issued by the North during the Civil War

3 Vocabulary 1. Explain the significance of: inflation, deflation, cooperatives, Farmers’ Alliance, People’s Party, graduated income tax, William Jennings Bryan, William McKinley. inflation – the loss of value of money deflation – a decline in the volume of available money or credit that results in lower prices, and, therefore, increases the buying power of money cooperatives - store where farmers buy products from each other; an enterprise owned and operated by those who use its services

4 Vocabulary 1. Explain the significance of: Farmers’ Alliance, People’s Party, graduated income tax, William Jennings Bryan, William McKinley. Farmers’ Alliance – organization formed as the Grange began to fall apart; led by Charles W. Macune, the Alliance formed large cooperatives, called exchanges, but they failed People’s Party – AKA Populists, formed by members of the Kansas Alliance; nominated candidates to run for Congress and the state legislature

5 Vocabulary 1. Explain the significance of: graduated income tax, William Jennings Bryan, William McKinley. graduated income tax – tax based on the net income of an individual or business; different income levels are taxed at different rates William Jennings Bryan – nominated for President of the U.S. by the Democrats and the Populists because of his stand on the gold/silver standard issue

6 Vocabulary 1. Explain the significance of: William McKinley. William McKinley – Republican nominee for President of the U.S. in the 1896 election (governor of Ohio) Catholic immigrants and other city-dwellers cared little for silver issue; disliked Bryan’s speaking style (like a rural Protestant preacher) Republicans hoped to sweep the Northeast and Midwest with McKinley

Main Ideas 2. Organizing Use a graphic organizer that lists the factors that contributed to and the results of farmers’ unrest in the 1890s. Panic of 1893 deflation falling crop prices high railroad shipping rates crop prices fell farmers borrowed money farmers joined cooperatives Factors Contributing to Effects on Nation

Main Ideas 3. Describing What economic factors caused farmers to support populism? Economic depression, little influence on railroads 4. Listing What issues did the Democrats endorse in the 1896 presidential election? Free coinage of silver, aiding the plight of the farmers 5. Big Ideas Why did the Populists support William Jennings Bryan? They did not want to split the silver vote