6 Catalyst: 1891 = Banks began to foreclose on farm mortgages The Farmer is the ManWhen the banker says he's broke And the merchant’s up in smoke, They forget that it's the farmer who feeds them all. It would put them to the test If the farmer took a rest; Then they'd know that it's the farmer feeds them all.
7 The Silver Issue“Crime of ’73” demonetization of silver (govt. stopped coining silver).Bland-Allison Act (1878) limited silver coinage to $2-$4 mil. per mo. (based on the 16:1 ratio of silver to gold).Sherman Silver Purchase Act (1890)The US Treasury must purchase $4.5 mil. oz. of silver a month.Govt. deposited most silver in the US Treasury rather than circulation.
9 The Populist (Peoples’) Party James B. Weaver, Presidential Candidate Founded by James B. Weaver and Tom Watson.Omaha, NE Convention in July, 1892.Got almost 1 million popular votes.Several Congressional seats won.James B. Weaver, Presidential Candidate
10 Omaha Platform, 1892 Free unlimited coinage of silver National income tax
11 Omaha Platform, 1892Government ownership of Railroads, telephone, telegraphs
12 Government secured loans to farmers Treasury storehouse for surplus crops8 hour work dayDirect election of SenatorsInitiative & referendumAustralian (secret) ballot
26 Analyze the ways in which technology, government policy, and economic conditions changed American Agriculture in the period In your answer be sure to evaluate farmer’s responses to theses changes.
27 Technology Railroads: Chemical fertilizers Grain elevators Dry farming Standard gauge trackAtchison, Topeka, Santa FeGreat NorthernRefrigerated carsChemical fertilizersGrain elevatorsDry farmingIrrigation expensive w/o government aidwindmillsMeatpacking processesSwift & ArmourImprovements inSteel plowsThresherswindmills
28 Economic Conditions Boom & bust cycles Extension of commercial farming Panics of ’73, ’93Overproduction= crop surplusesRailroad policiesShort/long haulRebates/drawbacksSharecropping (south)
29 Government Policies Homestead Act (’62) High tariffs Gold Standard DingleyMcKinleyGold StandardInterstate Commerce CommissionOklahoma Land RushSherman Anti-Trust Act
30 Farmer’s Responses Election of 1896 The Grange Bimetalism Populist PartyOmaha Platform (include details & success of)PopulistsJames WeaverTom WatsonPitchfork Ben TillmanSockless Jerry SimpsonMary Elizabeth LeaseWilliam Jennings BryanElection of 1896