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Chapter 8 POLITICS IN THE GILDED AGE

Chapter 8 POLITICS IN THE GILDED AGE. Section 1: Political Machines Section 2: Restoring Honest Government Section 3: The Populist Movement. Section 3: The Populist Movement. Objectives:. What factors led to economic hardships for farmers?

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Chapter 8 POLITICS IN THE GILDED AGE

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  1. Chapter 8POLITICS IN THE GILDED AGE Section 1: Political Machines Section 2: Restoring Honest Government Section 3: The Populist Movement

  2. Section 3: The Populist Movement Objectives: • What factors led to economic hardships for farmers? • What did the farmers’ movements hope to achieve, and what weakened their efforts? • Why did farmers support money backed by silver? • What issues did the Populist Party support? • How did silver affect the economy and the 1896 presidential election?

  3. Section 3: The Populist Movement Economic hardships for farmers • heavy debts • high freight and machinery costs • falling crop prices

  4. Section 3: The Populist Movement Farmer’s movements • hoped to pressure states to regulate freight andgrain-storage rates • formed cooperatives • offered low-cost insurance • lobbied for graduated income tax • weakened by government limits on the powerof ICC • weakened by racial segregation

  5. Section 3: The Populist Movement Money backed by silver Farmers supported money backed by silver because they wanted to increase the paper money supply. As long as only gold was allowed to back paper, the money supply was restricted by how much gold the treasury had.

  6. Section 3: The Populist Movement Populist Party issues • graduated income tax • bank regulation • government ownership of railroad and telegraph companies • free coinage of silver • immigration restrictions • shorter workday • voting reforms

  7. Section 3: The Populist Movement The effects of silver • Silver was a central issue in the 1896 presidential campaign. • Populists supported Bryan because of his stand on silver. • William McKinley won the election with the support of business leaders who opposed free silver.

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