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Explore the impact of economic distress on farmers, the rise of the Populist Movement, and the transformation of the US into a three-party system. Learn about the Grange, Farmers' Alliance, Populist Party, and the key figures and issues that shaped this era.
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Farmer’s and the populist movement • Homework: 219-223
Maple Leaf Rag- Scott Joplin Ragtime Music
Farmers Unite • Economic Distress fall of Greenback- out of circulation after the civil war • Railroads become Monopoly • Grange and other farmers organizations- Oliver Hudson Kelley founder • Farmers Alliance
Populism • Populist- movement of people • Platform- rise in money supply, graduated income tax, Popular vote for Senate, social programs • 1893 Panic- too many loans unpaid, people buying on margin • Populist Party turns US into a three party system
Bimetallist vs. Gold standard (Republicans) • William Jennings Bryant vs. William McKinley • William Jennings Bryant becomes nominee for populist and democrats • 1896 McKinley (Pres. #25) wins because of fear of inflation
Summary Questions • What was the organization that began as an educational and social outlet for farmers? Who organized it? • This Party adopted the gold standard, and were mainly business owners and industrialist and bankers? • What form of money was taken out of circulation after the civil war? • This party came into prominence making the system a 3 party system, proposed an increase in money supply, a graduated income tax and federal loans? • System of giving either silver or gold for currency? • He was selected as a candidate for 2 parties and convinced democrats with the “Cross of Gold Speech”?