Farmers and the Populist Movement. Populism- The movement of the people Bimetallism- A monetary system in which the government would give citizens either.

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Presentation transcript:

Farmers and the Populist Movement

Populism- The movement of the people Bimetallism- A monetary system in which the government would give citizens either gold or silver in exchange of paper currency or checks. Gold Standard- Backing dollars solely with gold

 The Populist people were a group of farmers and other western people who realized that they needed to make changes through a political power.

 Also know as the Democratic Party  They help proposed economics reforms: -higher prices for goods and services -a graduated income tax -federal loan program  Governmental reforms: -election of the U.S. senators by popular vote -single terms for presidents and vice-presidents -a secret ballot to end vote fraud  The Party then elected 5 senators, 3 governors, and around 1,500 state legislators

 At this time the farmers carried large debits and loans. There were many railroads that went bankrupt.  When people heard about this they got worried and traded all their paper money for gold.  This caused many businesses and banks to collapse.  By late 1894 fifth of the work force was unemployed.

 The country was split into the two political parties.  There was also two groups divided by who wants sliver and Gold.  The “silverites” liked bimetallism.  “Gold Bugs” were people who favored the gold standard.

GOLD BUGSSILVERITES Who They WereBankers and Businessmen Farmers and Laborers What They WantedGold standard Less money in circulation Bimetallism More money circulation WhyLoans would be repaid in stable money Products would be sold at higher prices EffectDeflation : Prices fall Value of money increases Fewer people have money Inflation: Prices rise Value of money decrease More people have money

 Born in Salem Marion County, IL  March 19, 1820  Nebraska congressman  Editor of the Omaha World Herald  Gave the speech “Cross of Gold”  Vice-presidential candidate Arthur Sewall wasn’t liked though.

 The end of populism ended with Bryan losing the election to McKinley.  All of the populist believed only in Bryan so when he lost the election populism was done away with.

  American History Book   060/the_populist_and_progressive_movemen ts.html