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The Populist Movement

The Populist Movement. Copy notes page 59. EQ. Explain the main ideas of Populism AND how it was supposed to help farmers?. Late 1800s, some problems for farmers: -prices for crops falling -farmers mortgage farms to buy more land -can’t make payments so banks foreclose

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The Populist Movement

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  1. The Populist Movement Copy notes page 59

  2. EQ • Explain the main ideas of Populism AND how it was supposed to help farmers?

  3. Late 1800s, some problems for farmers: -prices for crops falling -farmers mortgage farms to buy more land -can’t make payments so banks foreclose -railroads charge HUGE prices -gov’t needs to issue more hard money

  4. It’s time for reform! Oliver Hudson Kelley forms an organization called The Grange= provide social outlet & educational forum for isolated farm families, but really spend time fighting the railroads Farmers’ Alliances= educate farmers about gov’t control over railroads/banks

  5. Populism= the movement of the people, The People’s Party  free farmers from debt & people have greater voice in gov’t • They believe gov’t is responsible for reforming social injustices

  6. Show me the money! • Panic of 1893= farmers can’t pay debts, railroads go broke, gov’t runs out of gold & silver to back money, people panic and go on bank runs, stocks collapse, 1/5 population jobless • Should we back dollars with silver & gold bimetallism or just gold gold standard

  7. 1896 presidential campaign Republican William McKinley vs Democrat William Jennings Bryan  voters of industrial mid-west scared of inflation get McKinley into office  Populism collapses

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