1. Period 2, 5, & 6
We will examine the debate in the United States over the use of gold and silver. We will also examine what an allegory is.
Chapter 5 Notes
Constitution Day
Test Review

2. Farmers and the Populist Movement
US prints greenbacks during the Civil War
Greenbacks couldn’t be exchanged for gold or silver
Worth less than hard money
Pulling the Greenbacks out of circulation caused prices to drop
Wheat went from $2 a bushel to 68 cents

3. Farmers paid high prices to the railroad to grain
Railroads had a Monopoly- no competition and could charge what they wanted
Farmers organized into the Grange to fight the railroads

4. Populist Party Platform
Economic Reforms
Increase the money supply
Graduated income tax
Society Reforms
8 hour workday
Restriction on immigration
Government Reforms
Election of US Senators
1 term for President

5. Bimetallism v. Gold Standard
Use both gold and silver to back papery money
Allows for money to be printed
Use only gold to back paper money
Less money to be printed
Currency more stable

7. Election of 1896
William McKinley
William Jennings Bryan

8. Populist Movement fails to win the election of 1896
Two powerful legacies
Lower class could organize to try and improve situation
Many reforms are passed in the 20th century

9. Cattle Become Big Business
Vaqueros influence the American Cowboy
- chaparreras jerky
- charqui mustang
- bronco caballo ranch
- rancho leather overalls
- mestenos rough horse
Also the terms corral and rodeo have Spanish origins.

10. What is an allegory?