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Inflation – period when prices rise faster than the value of money/wages .

536-544 - Analyze several political cartoons related to the Populist or People’s Party. - Explain the “Crisis” of the 1890s. Inflation – period when prices rise faster than the value of money/wages . Deflation – prices decrease and the value of money increases.

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Inflation – period when prices rise faster than the value of money/wages .

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  1. 536-544 - Analyze several political cartoons related to the Populist or People’s Party. - Explain the “Crisis” of the 1890s.

  2. Inflation– period when prices rise faster than the value of money/wages. • Deflation – prices decrease • and the value of money increases.

  3. Inflation vs. Deflation

  4. Interpreting Political Cartoons: • Interpret the meaning of the cartoon. • Label and explain how the cartoonist has used symbolism in the cartoon.

  5. The Crisis of the 1890s • Severe economic depression caused widespread discontent • among farmers and workers. • Causes: • Crop prices fell due to international overproduction. • Bad weather. • Debt overwhelmed many farmers.

  6. Price Indexes for Consumer & Farm Products: 1865-1913

  7. The Crisis of the 1890s • Response: • The Farmers Alliance was formed and proposed the • following solutions” • Cooperatives • Easy Credit – Banking Reforms • Subtreasury Plan • Free Silver (inflation) • Government Control of Railroads Congress REJECTED most of their ideas!

  8. United We Stand, Divided We Fall • In 1889 both the Northern andSouthern Alliancesmerged into one—the Farmers’ Alliance.

  9. The Crisis of the 1890s • Response: • Third Parties grew such as the Populist (or Peoples’ Party)

  10. William Jennings Bryan James Weaver Leaders of the People’s Party (Populist Party) “Sockless Jerry” Simpson Annie Diggs Mary E. Lease

  11. The Crisis of the 1890s • Response: • Third Parties grew such as the Populist (or Peoples’ Party) • In 1892, the Populist Party organized on a national level in • Omaha, NE and ran James Weaver for president, adopted • the “Omaha Platform”: • Gov’t. ownership of railroads and utilities • National Currency • Free Silver • Subtreasury Plan • Graduated Income Tax • Redistribute Railroad lands • Direct Election of Senators • Secret Ballot

  12. This hostile cartoon depicts the People’s Party as an odd assortment of radical dissidents committed to a “Platform of Lunacy.”

  13. Coxey’s Army, 1894 • Jacob Coxey & his “Army” marching to Washington with their “Petition with Boots”

  14. The Crisis of the 1890s • The Election of 1896 • Populists ran William • Jennings Bryan. • Supported Free Silver.

  15. Bryan’s “Cross of Gold” Speech You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon across of gold!

  16. The Crisis of the 1890s • The Election of 1896 • Populists ran William • Jennings Bryan. • Supported Free Silver. • Democrats ALSO ran • Bryan for president. • Republicans ran William • McKinley for president. • Backed by wealthy • Ohio businessman • Marcus Hanna. • Supported tariffs • and Gold Standard.

  17. 1896 Election Results

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