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The Gilded Age-Farmer’s Revolt. Economic Conditions Problems with the currency Granger Movement Farmer’s Alliances The Omaha Platform of 1892 The Election of 1896. Farmer’s “villains”. The Railroads. Farmer’s “villains”. The Railroads High Tariffs. Farmer’s “villains”. The Railroads
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The Gilded Age-Farmer’s Revolt • Economic Conditions • Problems with the currency • Granger Movement • Farmer’s Alliances • The Omaha Platform of 1892 • The Election of 1896
Farmer’s “villains” • The Railroads
Farmer’s “villains” • The Railroads • High Tariffs
Farmer’s “villains” • The Railroads • High Tariffs • High Debt
Farmer’s “villains” • The Railroads • High Tariffs • High Debt • Inadequate Currency in circulation
Three Types of Currency • Greenbacks
Three Types of Currency • Greenbacks • National Bank Notes
Three Types of Currency • Greenbacks • National Bank Notes • Metallic Currency - gold and silver (specie)
The Grange • Known as the Patrons of Husbandry • Initiated to relieve the loneliness of farmers and their families • Also intended to be a forum where they could exchange ideas
Farmer’s Alliances • Northwestern Alliance • Southern Alliance • Colored Farmer’s Alliance
The Sub-Treasury Plan • Farmers would store crops in govt. warehouses
The Sub-Treasury Plan • Farmers would store crops in govt. warehouses • Govt. loans farmers 80% of value of crops at 1% interest
The Sub-Treasury Plan • Farmers would store crops in govt. warehouses • Govt. loans farmers 80% of value of crops at 1% interest • Would give farmers source of cheap credit
The Sub-Treasury Plan • Farmers would store crops in govt. warehouses • Govt. loans farmers 80% of value of crops at 1% interest • Would give farmers source of cheap credit • Farmers could sell crops for more $
The Sub-Treasury Plan • Farmers would store crops in govt. warehouses • Govt. loans farmers 80% of value of crops at 1% interest • Would give farmers source of cheap credit • Farmers could sell crops for more $ • Also would solve problem of currency, as Govt. would loan money in Greenbacks
Omaha Platform 1892 • Subtreasury Plan • Unlimited Coinage of Silver currency • Increase $ supply to $50/capita • Graduated income tax • postal savings banks • nationalize rr’s, telephone and telegraph • 8 hour work day and outlaw Pinkertons
The Election of 1896 • Democrat- Wm. Jennings Bryan • Republican- William McKinley
The Election of 1896 • Democrat- Wm. Jennings Bryan • Republican- William McKinley • McKinley defeats Bryan
Results of Election of 1896 • The Frontier was closed (1890)
Results of Election of 1896 • The Frontier was closed (1890) • Transition from rural to urban at peak
Results of Election of 1896 • The Frontier was closed (1890) • Transition from rural to urban at peak • In the end, the city won out over the country
Results of Election of 1896 • The Frontier was closed (1890) • Transition from rural to urban at peak • In the end, the city won out over the country • Myth of Yeoman Farmer put to rest
Results of Election of 1896 • The Frontier was closed (1890) • Transition from rural to urban at peak • In the end, the city won out over the country • Myth of Yeoman Farmer put to rest • Urban industrial values had taken over political system