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Explore the challenges faced by farmers in the late 19th century, from weather problems to railroad abuses and currency reforms. Learn about the Grange, Populism, Free Silver Crusade, and the end of the Populists in the 1896 election.
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Farmer’s Problems -weather problems -falling prices -increasing debt -dependant upon railroads -need for cheaper money deflation and inflation
Railroad Abuses -construction graft -bribes -stock watering -unfair pricing long haul short haul -use of rebates for large customers
The Grange -also called the Patrons of Husbandry -began as social group that evolved into a political group -called for regulation of railroads -“Granger Laws”- mid-western state laws that regulated railroad abuses Granger laws ruled unconstitutional in Wabash v. Illinois, 1887 -ICC- Interstate Commerce Act -Federal law that regulates commerce -Grangers pushed for currency reform
Populism -took the place of the Grange -strong mid-west support -reform based party -Omaha Platform, 1892 increase $ supply income tax secret ballots 8 hour workday Immigration control
Free Silver Crusade -Panic of 1893 -nation enters a recession -many people promote silver and gold standard for currency -would create larger money supply -”greenbacks” issued based on silver and gold bullion reserves -Gold standard only would limit money supply as gold reserves were limited
End of the Populists -1896 election -William McKinley-Rep. Gold Standard -William Jennings Bryan -Dem./Pop. Free Silver “Cross of Gold Speech” -McKinley wins election -Populism dies
End of the Populists -1896 election -William McKinley-Rep. Gold Standard -William Jennings Bryan -Dem./Pop. Free Silver “Cross of Gold Speech” -McKinley wins election -Populism dies
End of the Populists -1896 election -William McKinley-Rep. Gold Standard -William Jennings Bryan -Dem./Pop. Free Silver “Cross of Gold Speech” -McKinley wins election -Populism dies