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Explore why the Populist Party attracted millions of supporters between 1867-1896. Learn about the farmers' challenges, demands, and the different groups representing their interests. Discover the 1892 and 1896 presidential elections and the Party's legacy in shaping future reforms.
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The Rise and Fall of the Populist Party 1867-1896
Essential Question Why did the Populist Party attract millions of supporters?
Farmers’ Problems • Crop prices fell • Farmers had no cash, went further into debt, and their lenders foreclosed on their mortgages • The railroad companies charged outrageous prices to ship crops (no regulation!)
Farmers’ Demands • Regulate the railroad companies (Stop them from charging such high rates) • Make cash more available (back the dollar with silver, not gold, so dollar would be worth less) • Constitutional demands: single term for President and Vice-President, popular election of Senators • To get industrial workers to support them: 8-hour workday, restrict immigration
Different Groups Representing Farmers’ Interests • 1867: The Patrons of Husbandry (The Grange) • 1880s: Farmers’ Alliance and Colored Farmers’ National Alliance • 1892: Birth of the Populist, or People’s Party
1892 Presidential Election: Populist candidate won over a million votes!
William Jennings Bryan • Democratic Candidate • Supports free silver • Endorsed by the Populist Party The “Great Commoner”
William McKinley • Republican Candidate • Conservative platform • Gold standard (sound $)
The Seasoned Politician vs. The “Young” Newcomer
1896 Presidential Election: Bryan loses but carries most of the South and West
Gold Triumphs Over Silver • 1900 GoldStandard Act • confirmed thenation’s commitment tothe gold standard.
If they lost the presidential election, why was the Populist Party considered a success? • 17th Amendment—Direct Election of Senators • Initiative & referendum • Australian (secret) ballot
What happened to Populism? McKinley won Farmers economic conditions begin to improve. Populism dies but lays groundwork for future reform.