1. Bellwork
P. 241 Please answer in full questions 1 and 2

2. Section 4 Populism What is populism?
This will be long but only copy important details don’t copy everything trust me its not all needed
What is populism?
What lead to the rise in Populism?
What was the result of the election of 1896?

3. Vocabulary/ Key Terms Populism Greenbacks Inflation Deflation
Cooperatives
Graduated income tax
Farmers Alliance
Peoples Party
William Jennings Bryan
William McKinley

4. Unrest
Populism: movement to increase farmers political power through legislation
Why join this?
New technology
Why is this bad?
Tarriffs
After the Civil War unsure prices made so farmers struggled, formed the farmers alliance and the grange. Also most joined the populist party
(After why is this bad) more crops makes prices drop, High tariffs made hard to sell oversees

5. Money Supply
During Civil war increased money supply with greenbacks: paper money exchangeable for gold or silver coins
Inflation: decline in the value of money
Money loses value prices increase
3 types of money
Gold and Silver Coins, Greenbacks, National Bank notes
1865 $30 per person
1895 $23 Makes deflations
Deflation: increase in value of money
( After Greenbacks) More money without more goods causes inflation
(After money) How do you decrease inflation, pay off bonds and debts

6. Short on money
Deflation caused farmers to borrow for seed and technology
Deflation causes prices to drop
Interest to rise
Mortgages to stay the same
Ending of Silver coins “The crime of 73”
Death of the farm

7. Grange takes Action 1866 Oliver H. Kelly tour the South’s farms
Forms the Grange in 1867
Met for social and education
Later due to recession joined together
Cooperatives: marketing organizations that increases prices and lower costs for members
So many farmers cant raise price due to competition
(After 1866) reports the isolation and orrganizes Patrons of Husbandry or the Grange’
Recession led to 800,000 to 1.5 million member
Regulation of Railroad and Warehouse prices
Put all crops together spread the costs of shipping and went only when price was high
Could not control across state lines
Could not regulate railroads

8. The Farmers Alliance
Farmers’ Alliance: newer larger version of the grange
million to 3 million members
South and Great Plains
Kansas, Nebraska, S. & N. Dakota
Charles W. Macune leader tried large cooperatives
Great plan but failed

9. Rise of Populism Kansas forms the Peoples Party: populists party
Nominated candidates for senate and congress
South declined this give demands and find a single candidate who supports them

10. The Subtreasury Plan Government hold crops to give loans to farmers
Would force prices up
Demanded free coining of silver, end of national banks
1890 South elects 4 governors
More than 40 democrats supported the alliance
1 Used to gain southern support
2 regulation of railroads and direct election of senators

11. Populist runs for President
1891 make the Presidential race have a populist member
Southerners willing to join
1892 James B Weaver nominated
Called for a graduated income tax: taxed higher earnings more heavily
Grover Cleveland wins
Started excited to gain power frustrated noone stood by the promise
Denounced govn’t refusal to coin silver “vast conspiracy against mankind”
16 :1 silver to gold oz.
8 hour workday
Immigrant restrictions
Most people stay with democrats

12. Election of 1896 Republicans endorse Gold standard
Democrats favor Cleveland (favors gold)
Fail
William Jennings Bryan: strong supporter of silver nominated by Democrats
Populist party makes free coinage of silver primary battle
Hold party after Republicans and Democrats
Hopes will vote for silver and leave democrats

13. Bryan’s Campaign Former Nebraska Congress member 36 years old
600 speeches in 14 weeks
Republicans use William McKinley governor of Ohio

14. Homework
Worksheet