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CHAPTER 5 – SECTION 3. FARMERS & THE POPULIST MOVEMENT. POST-CIVIL WAR DEFLATION HURT FARMERS (ECONOMICALLY) FARMERS WANTED GREATER $ SUPPLY. ANOTHER PROBLEM…. RAILROADS KEPT RAISING PRICES NO COMPETITION ( THIS INCREASED FARMERS DEBT ). THE GRANGE (1867).
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CHAPTER 5 – SECTION 3 FARMERS & THE POPULIST MOVEMENT MODERN AMERICAN HISTORY 5-3
POST-CIVIL WAR DEFLATION HURT FARMERS (ECONOMICALLY) FARMERS WANTED GREATER $ SUPPLY MODERN AMERICAN HISTORY 5-3
ANOTHER PROBLEM… RAILROADS KEPT RAISING PRICES NO COMPETITION ( THIS INCREASED FARMERS DEBT ) MODERN AMERICAN HISTORY 5-3
THE GRANGE (1867) EDUCATIONAL PROGRAMS SOCIAL ORGANIZATION POLITICAL ACTIVITIES MODERN AMERICAN HISTORY 5-3
THE POPULIST PARTY PLATFORM INCREASE MONEY SUPPLY GRADUATED INCOME TAX REGULATION OF RAILROADS FEDERAL LOAN PROGRAM DIRECT ELECT’N OF SENATORS MODERN AMERICAN HISTORY 5-3
THE POPULIST PARTY PLATFORM INITIATIVE & REFERENDUM SINGLE TERM PRESIDENCY SECRET BALLOT 8 HOUR WORKDAY IMMIGRATION RESTRICTIONS MODERN AMERICAN HISTORY 5-3
THE POPULIST PARTY WAS SUCCESSFUL IT ELECTED . . . 5 SENATORS 10 REPRESENTATIVES 3 GOVERNORS 1,500 STATE LEGISLATORS MODERN AMERICAN HISTORY 5-3
THE PANIC OF 1893 • ECONOMIC DEPRESSION • BUSINESSES GO BANKRUPT • HAS A “SNOWBALL” EFFECT • HIGH UNEMPLOYMENT • 20-25% IN SOME PLACES • STOCK MARKET CRASH • STOCKS LOST THEIR VALUE • LASTED UNTIL 1897 MODERN AMERICAN HISTORY 5-3
THE END OF POPULISM • 1896 & 1900 ELECTION • BAD ECONOMY IS MAJOR ISSUE • WILLIAM JENNINGS BRYAN • DEM & POP CANDIDATE • BIMETALISM • LOSES BADLY TO MCKINLEY • POPULISTS ABSORBED BY DEMOCRATS MODERN AMERICAN HISTORY 5-3
WILLIAM JENNINGS BRYAN POPULIST PARTY “CROSS OF GOLD” SPEECH MODERN AMERICAN HISTORY 5-3
ELECTION OF 1896 MODERN AMERICAN HISTORY 5-3
ELECTION OF 1900 MODERN AMERICAN HISTORY 5-3
GET READY FOR YOUR FIRST CHAPTER QUIZ MODERN AMERICAN HISTORY 5-3
HAVE YOU READ THE CHAPTER?? MODERN AMERICAN HISTORY 5-3