Farmers & the Populist Movement

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Presentation transcript:

Farmers & the Populist Movement Chapter 13 Section 3

Farmers’ Problems Low prices for crops Could not pay mortgages – banks foreclosed Railroads charged more for short hauls than long hauls

Farmers create organizations The Grange (1867) Founded by Oliver Hudson Kelley Social & lobbying group Farmers Alliances Educated farmers about loans Lobbying group

The Populist Party Aka The People’s Party Created in 1892 Created to give people more of a voice in govt (esp. farmers & workers) Platform addressed farmers’ concerns

Farmers’ Demands: Regulate the railroad companies! (stop them from charging such high rates) Make cash more available (back the dollar with silver, not gold, so dollar will be worth less) Political demands: single term for President and Vice-President; secret ballot; popular election of Senators To get industrial workers to support them: 8-hour workday; restrict immigration

Panic of 1893 Started when railroads started going bankrupt Stock market crashed Businesses & banks failed

Election of 1896 Central issue: what would be the basis of the nation’s monetary system? 2 sides: Silverites (favored bimetallism) vs. Goldbugs (favored gold standard)

Republican Party: William McKinley Democratic Party: William Jennings Bryan (Cross of Gold Speech) Populist Party: endorsed W.J. Bryan Bryan McKinley

Results William McKinley wins Populist Party collapses but ideas remain important