Baltimore Polytechnic Institute September 29, 2011 U.S. History Mr. Green.

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Baltimore Polytechnic Institute September 29, 2011 U.S. History Mr. Green

The students will evaluate the problems farmers faced and their cooperative efforts to solve those problems by describing the causes and effects of the Populist party. Warm-up Question: Read “One American’s Story” on page 235 and answer these questions: 1. Who was Mary Lease 2. What problems did Lease believe the farmers had to face?

Deflation after the Civil War Dollar increased in value Costs of goods and services fell Question: Who is this good for? Who is this bad for? Farmers wanted the government to print money, thereby increasing the money supply and increasing the price of goods. Railroads increased the price to ship goods to market

The purpose of the Alliance, or the Grange as it became known, was to teach its members: 1. How to organize 2. how to set up farmers’ cooperatives 3. how to sponsor state legislation to regulate railroads The Populist Party: Assignment: Identify and evaluate the 7 reform measures the Populist Party called for on July 4, 1892 from their convention in Omaha, NE. Page 237

Economy grew fast in the 1880’s Farmers/Business people overextended themselves Railroads built too many tracks that were not needed for transportation. Many railroad companies failed/went bankrupt Stock market crashed Banks stopped giving loans. The Wizard of Oz

Populist party demanded bi-metalism, or cheaper money which would increase the money supply and make money cheaper Gold or silver for paper currency Election of 1896 William Jennings Bryan William McKinley

Identify the causes of the rise of the Populist Party and the effects the party had. Which effect has the most influence today. Page 239 #2

Complete Chapter 5 Vocabulary