The Populist Movement Farmers Take Action.

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Presentation transcript:

The Populist Movement Farmers Take Action

Farmer’s Problems Farm prices plummeted from 1870-1890 Crops sell for next to nothing Cost more to grow than they can get by selling Cost of business skyrocketed Machinery, seed, and livestock prices rise Farmers go in to debt Can’t pay off loans Mortgage land to pay for debt Lose their farms

Farmers Unite The Grange (Granger Movement) Some Success AKA “The Patrons of Husbandry” Organized by Oliver Kelly in 1867 Taught its members how to organize, set up farmer's cooperatives and how to sponsor state legislation regulating railroads Some Success Interstate Commerce Commission (ICC) Regulation of freight prices and railroads

Farmer’s Alliances The Grange declined in 1870s Farmer’s Alliances kept movement going Fought for low interest loans Cooperatives controlled production and prices Southern Farmer’s Alliance White Farmers Colored Farmer’s Alliance Black Farmers

The Money Problem Gold Standard Silver Coinage Bimetallism Greenbacks U.S. money backed by actual gold Silver Coinage Silver used for money (silver dollar) Bimetallism Use of both gold and silver Silver prices set by comparing it to gold Greenbacks Printed paper money

Why Farmers Want Silver Coins Inflation It would cause inflation Crop Prices would rise They would get paid more Use this to pay debts to banks Bad for Banks By the time the debt is paid back, they money would be worth less than when it was paid.

Populist Party Platform Unlimited coinage of silver Graduated income tax Government ownership of railroads and telegraph companies Bank regulations

Populism Election of 1896 Major issue – bimetallism vs. gold standard William McKinley (R) vs. William Jennings Bryan (D) Bryan’s “Cross of Gold” speech McKinley wins and the Populist party dies

William Jennings Bryan Crown of Thorns Cross of Gold

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