The Presidential Election of 1896

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The Presidential Election of 1896 The Populist Party The Presidential Election of 1896

A little background Millions of people had moved out West and became farmers New technology helped farmers produce more crops Simple economics: More crops=lower prices

Background (cont.) More Problems: Farm equipment was expensive High tariffs made it hard to sell crops overseas High interest bank loans Expensive railroad shipping rates Deflation: worthless “greenbacks” and silver was stopped being used in coins. Not enough money in circulation. Money increased in value and prices fell.

The Grange Farmers band together Social and educational groups at first Work together to get better prices for crops Cut down on competition Eventually failed. Farmer’s Alliance takes its place.

Who are the Populists? Populist = People=Farmers. Major focus in 1892 election. James B. Weaver: Populist Presidential Candidate. Republicans win election; Populist problems never solved.

Economic Reforms: Gov. ownership of railroads, banks, and telegraphs. Unused railroad lands to farmers. 8 hr. workday for urban factory workers WHY?

Electoral Reforms wanted: 1 term for president. Secret Ballot. Direct Election of Senators.

The Big Issue of 1896: Money: Gold or silver? Populist/Democrats: Want both to back currency (bimetallism) Republicans: Just want gold to back currency.

Election of 1896: William McKinley Republican “Gold Standard” William Jennings Bryan Democrat/Populist “Free Silver”

Continued… McKinley: “Front Porch” gave speeches from home. sent out lots of literature. Bryan: “Whistle Stop” traveled 18,000 mi. brilliant speaker

1896 Results: McKinley wins

Gold triumphs over Silver

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