The Rise & Fall of Populism

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Presentation transcript:

The Rise & Fall of Populism

Populist Party Platform Formed in 1892 Lift the burden of debt from farmers (increase money supply both silver & gold coinage) Secret ballot to end voter fraud Eight hour work day Restrictions on immigration

Panic of 1893 Six major railroads go bankrupt Paper money is traded in for gold Money pulled out of Wall Street to buy gold 15,000 businesses & 500 banks collapse One fifth of the workforce unemployed Issue became which metal would be the basis of the nation’s monetary system

Gold Bugs vs. Silverites Gold Bugs (Republicans Mckinley) Silverites (Populists-William Jennings Bryan) Who They Were bankers & business men Farmers & laborers What They Wanted Gold standard & less $$ in circulation Bimetallism More money in circ. Why Loans would be repaid in stable money Products sold at higher prices Effects DEFLATION Prices fall Value of $$ increases Fewer people have $$ INFLATION Prices rise Value of $$ decreases More people have $$

End of Populism McKinley wins election Populism collapses Downtrodden can organize a political movement Populist reforms later passed.

Wizard of Oz Match the character or symbol from the Wizard of Oz to the populist term Everyday American Washington D.C. Dehumanized worker Big Business Bankers Mid West Farmers Gold Teetotaler Dorothy Emerald City Tin Man Wicked Witch of the East Scarecrow Yellow Brick Road Toto

Wizard of Oz cont. Munchkins- little people Ruby Slippers- supposed to be silver White Good Witch- Voters of the Midwest Wicked Witch of the West- Natural Disaster Lion- William Jennings Bryan Wizard of Oz- Gilded Age Politicians