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Changes on the Western Frontier . Farmers and the Populist Movement. Words To Know. Populism- The movement of the people Bimetallism- A monetary system in which the government would give citizens either gold or silver in exchange of paper currency or checks.
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Changes on the Western Frontier Farmers and the Populist Movement
Words To Know Populism- The movement of the people Bimetallism- A monetary system in which the government would give citizens either gold or silver in exchange of paper currency or checks. Gold Standard- Backing dollars solely with gold
Populism • The Populist people were a group of farmers and other western people who realized that they needed to make changes through a political power.
Populism Party Platform • Also know as the Democratic Party • They help proposed economics reforms: -higher prices for goods and services -a graduated income tax -federal loan program • Governmental reforms: -election of the U.S. senators by popular vote -single terms for presidents and vice-presidents -a secret ballot to end vote fraud • The Party then elected 5 senators, 3 governors, and around 1,500 state legislators
This is a group of the Populist party at the election of 1892
The Panic of 1893 • At this time the farmers carried large debits and loans. There were many railroads that went bankrupt. • When people heard about this they got worried and traded all their paper money for gold. • This caused many businesses and banks to collapse. • By late 1894 fifth of the work force was unemployed.
Silver or Gold • The country was split into the two political parties. • There was also two groups divided by who wants sliver and Gold. • The “silverites” liked bimetallism. • “Gold Bugs” were people who favored the gold standard.
William Jenngings Bryan • Born in Salem Marion County, IL • March 19, 1820 • Nebraska congressman • Editor of the Omaha World Herald • Gave the speech “Cross of Gold” • Vice-presidential candidate Arthur Sewall wasn’t liked though.
The End of Populism • The end of populism ended with Bryan losing the election to McKinley. • All of the populist believed only in Bryan so when he lost the election populism was done away with.
Sources • http://bioguide.congress.gov/scripts/biodisplay.pl?index=b000995 • American History Book • http://en.wikipedia.org/wiki/Gold_bug • http://www.associatedcontent.com/article/197060/the_populist_and_progressive_movements.html