The Farmers and the Populist Movement

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Presentation transcript:

The Farmers and the Populist Movement

The Political Spectrum Liberals Tend To: Conservatives Tend To: Turn to the government to solve economic problems Turn to business the market to solve economic problems Favor government regulation of business Oppose government regulation of business Oppose larger defense budgets Support larger defense budgets Favor more government spending to solve economic problems Oppose more government spending Favor high taxes on rich people Oppose higher taxes on rich people Favor political and economic change Oppose political and economic change Democrat Republican

Populism or the People’s Party Coalition of farmers and laborers Put government into the hands of the people Support the idea of silver and gold as legal tender Farmers thought this would help raise the price of crops

Farmer’s Problems Too many farmers Farmers in debt to banks Surplus causes prices to drop Farmers in debt to banks Pay for new agricultural tools High transportation costs Temporary drought

The Solutions The Grange Support the Populist Party Force government to regulate transportation rates Division of profits Stop high interest of loans Support the Populist Party

The election of 1896 William Jennings Bryan (Populist-Democrat) William McKinley Supported by big business JD Rockefeller donates $250,000 Wins because workers/laborers are divided by geography

Economic Result Gold is found and money put into the currency Farmers slowly regain profits