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The Gilded Age-Farmer’s Revolt

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

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  1. 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

  2. Farmer’s “villains” • The Railroads

  3. Farmer’s “villains” • The Railroads • High Tariffs

  4. Farmer’s “villains” • The Railroads • High Tariffs • High Debt

  5. Farmer’s “villains” • The Railroads • High Tariffs • High Debt • Inadequate Currency in circulation

  6. Three Types of Currency

  7. Three Types of Currency • Greenbacks

  8. Three Types of Currency • Greenbacks • National Bank Notes

  9. Three Types of Currency • Greenbacks • National Bank Notes • Metallic Currency - gold and silver (specie)

  10. 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

  11. Farmer’s Alliances • Northwestern Alliance • Southern Alliance • Colored Farmer’s Alliance

  12. Mary Lease

  13. The Subtreasury Plan

  14. The Subtreasury Plan • Allow the farmers to store their crops in Government Warehouses

  15. The Subtreasury Plan • Allow the farmers to store their crops in Government Warehouses • Have the government loan them 80% of the value of their crops at 1% interest

  16. The Subtreasury Plan • Allow the farmers to store their crops in Government Warehouses • Have the government loan them 80% of the value of their crops at 1% interest • This would accomplish: • immediate source of cheap credit

  17. The Subtreasury Plan • Allow the farmers to store their crops in Government Warehouses • Have the government loan them 80% of the value of their crops at 1% interest • This would accomplish: • immediate source of cheap credit • would bring higher prices for crops

  18. The Subtreasury Plan • Allow the farmers to store their crops in Government Warehouses • Have the government loan them 80% of the value of their crops at 1% interest • This would accomplish: • immediate source of cheap credit • would bring higher prices for crops • solve the lack of currency problem

  19. Tom Watson

  20. 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

  21. William Jennings Bryan

  22. William McKinley

  23. The Election of 1896 • Democrat- Wm. Jennings Bryan • Republican- William McKinley

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