Period 2, 5, & 6 We will examine the debate in the United States over the use of gold and silver. We will also examine what an allegory is. Chapter 5 Notes Constitution Day Test Review

Farmers and the Populist Movement US prints greenbacks during the Civil War Greenbacks couldn’t be exchanged for gold or silver Worth less than hard money Pulling the Greenbacks out of circulation caused prices to drop Wheat went from $2 a bushel to 68 cents

Farmers paid high prices to the railroad to grain Railroads had a Monopoly- no competition and could charge what they wanted Farmers organized into the Grange to fight the railroads

Populist Party Platform Economic Reforms Increase the money supply Graduated income tax Society Reforms 8 hour workday Restriction on immigration Government Reforms Election of US Senators 1 term for President

Bimetallism v. Gold Standard Use both gold and silver to back papery money Allows for money to be printed Use only gold to back paper money Less money to be printed Currency more stable

Election of 1896 William McKinley William Jennings Bryan

Populist Movement fails to win the election of 1896 Two powerful legacies Lower class could organize to try and improve situation Many reforms are passed in the 20th century

Cattle Become Big Business Vaqueros influence the American Cowboy - chaparreras jerky - charqui mustang - bronco caballo ranch - rancho leather overalls - mestenos rough horse Also the terms corral and rodeo have Spanish origins.

What is an allegory?