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Populist Party

Populist Party. Grange. Grange (1867) – organization (created by Oliver Kelly ) of farmers that banded together to fight rising Freight costs. Munn v. Illinois 1877.

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Populist Party

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  1. Populist Party

  2. Grange • Grange (1867) – organization (created by Oliver Kelly) of farmers that banded together to fight rising Freight costs

  3. Munn v. Illinois 1877 • Supreme court declared private property could be regulated by state/federal government when such regulations would benefit the public good *Regulate the railroads helps farmers

  4. Farmers Alliance • Farmers' Alliances –formed after Grange looses support. Continues to work to support farmers

  5. Interstate Commerce Act 1887 • Law that was designed to regulate the railroad industry • Required that railroad rates be "reasonable and just," • did not empower the government to fix specific rates. *failed to stop the Monopolies * Fixed by Hepburn Act (1906)

  6. Beginning of the People’s Party • Farmers Alliance needed more support in Washington • Formed the Populist Party to fight for Farmers rights in 1892

  7. Omaha Platform • Goals of Populist party: • government ownership of transportation • Increase in the money supply • Progressive Income Tax- more money you make, more you pay • Paper currency • Direct elections of senators • Eight hour workday

  8. Panic of 1893 • Worst Economic depression up to that date in American History • Started due to: -Railroad Failure from quick expansion and no ability to pay loans -Wall street crash

  9. Gold Standard v. Bimetallism • Two views on money • Gold Standard- Paper Money would be backed by Gold - Bimetallism- Gold and Silver would be used as money

  10. William Jennings Bryan • Populist leader, Gave speech before election -“Cross of Gold Speech” • Bryan states need for bimetallism and the dangers of the Gold Standard

  11. Election of 1896 • Republican William McKinley • Wanted Gold Standard Versus • William J. Bryan -wanted bimetallism • McKinley wins but Bryan influences future populist reforms

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