Aim: Was Populism the answer for America’s farmers?

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Presentation transcript:

Aim: Was Populism the answer for America’s farmers? Vocab Populists Platform Panic of 1857 Sherman Anti-Trust Act Interstate Commerce Act Essential Questions: (1) Economic conditions of the era…link to Big Business? (2) How does the economy provide the condition for the Populists to gain a national audience?

Omaha (Nebraska) Platform of 1892 System of “sub-treasuries.” - In response to low cotton prices and tight credit, in 1892 the Omaha platform of the new Populist party adopted a subtreasury plan that would have farmers hold their crops off the market when prices were low. The federal government would make low-interest greenback loans to the farmers secured by the withheld crops stored in government warehouses (or "subtreasuries"). When prices rose, farmers could sell their crops and pay back their loans.

1. System of “sub-treasuries.” 2. Abolition of the National Bank 3. Direct election of Senators. 4. Govt. ownership of RRs, telephone & telegraph companies. 5. Government-operated postal savings banks. 6. Restriction of undesirable immigration. 7. 8-hour work day for government employees. 8. Abolition of the Pinkerton detective agency. 9. Australian secret ballot. 10. Re-monitization of silver. 11. A single term for President & Vice President.

James B. Weaver, Presidential Candidate The Populist Party Founded by James B. Weaver and Tom Watson. Omaha, NE Convention in July, 1892. Got almost 1 million popular votes. Several Congressional seats won. James B. Weaver, Presidential Candidate & James G. Field, VP

Election of 1892

Causes of the 1893 Panic Begun 10 days after Cleveland took office. Several major corps. went bankrupt. Over 16,000 businesses disappeared. Triggered a stock market crash. Over-extended investments. Bank failures followed causing a contraction of credit [nearly 500 banks closed]. By 1895, unemployment reached 3 million. Americans cried out for relief, but the Govt. continued its laissez faire policies!!

--William Jennings Bryan “You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold.” --William Jennings Bryan

Election of 1896

William Jennings Bryan Scarecrow Tin Man Railroads Cowardly Lion Wizard of Oz Populism Dorothy William Jennings Bryan Scarecrow Tin Man Railroads Cowardly Lion Gold Standard Ruby (silver) slippers Farmers Wicked Witch of the West Money Workers Emerald City President of the US Common Person Yellow Brick Road Silver Standard