2 The Homestead Act of 1862The Homestead Act gave public lands (lands owned by the national government) to American citizens.
3 The Homestead Act of 1862Any person who was the head of a family or was at least 21 years old could become the owner of a homestead.Married couples were entitled to two shares, or 320 acres.
4 Effects of Homestead Act Helped poor families who could not afford land in the eastern states.It gave unemployed workers a chance to find work on land of their own.Thousands of African- Americans moved west in 1879 in an effort to find a better life.
5 Problems The more farmers produced, the lower prices went. Farmers quickly went into debt.Farmers buy more land to grow more crops to pay off debts1870s, debtors push government to put more money in circulation
6 Problems cont. Railroads Lack of competition lets railroads overcharge to transport farmers goodsFarms mortgaged to buy supplies; suppliers charge high interest
7 Populist Party Formed by farmers and labor unions. Wanted to increase money supply and federal loansWanted help with falling farm prices and regulation of railroad ratesAn 8 hour work dayDemocratic Party eventually adopts platform
8 The Panic of 1893Railroads expand faster than markets; some go bankruptGovernment’s gold supply depleted, leads to rush on banksbusinesses, banks collapsepanic becomes depression
9 Silver or Gold Republicans Northeast business owners, bankers Democrats:Southern, Western farmers, laborersSilverites: bimetalism (silver and gold) would create more money, stimulate economyRepublicansNortheast business owners, bankersGold bugs: gold only would create more stable, if expensive currency
10 Election of 1896 William Jennings Bryan Bimetallism Populist DemocratBimetallismPopulistCross of Gold SpeechYou shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold!
11 Election of 1896 William McKinley Leaves a Legacy Republican Gold StandardLeaves a Legacythe powerless can organize, have political impactagenda of reforms enacted in 20th century
12 Wizard of Oz Written by Frank Baum From a rich east coast family Spent time in WestSaw struggles of farmersTheories that Baum wrote the book based off the Populist struggle
13 Wizard of Oz Tornado ? Dorothy ? Wicked Witch of the East ? Tin Woodsman ?Scarecrow ?Cowardly Lion ?Yellow Brick Road ?Silver Slippers ?Emerald City ?Oz ?The Wizard ?Munchkins ?Wicked Witch of the West ?Flying Monkeys ?Panic of 1983Average personEastern BanksIndustrial WorkerFarmerWilliam Jennings BryanGoldSilverWashington D.C.OuncesPresidentEasternersDrought of the Great PlainsNative Americans