Music: Woody Guthrie, This Land is Your Land (1940)

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Presentation transcript:

Music: Woody Guthrie, This Land is Your Land (1940)

The Roots of Populism: 1.Good free land gone, speculators running up prices 2.Farmers forced to go into heavy debt to buy land, machinery, etc. 3.Grain prices stagnant or declining 4.Railroad costs climbing 5.“Independent” farmers realize can not control factors like grain prices and shipping charges of big railroads

What do the Populists want? Cooperation among farmers and workers rather than destructive competition Federal control or regulation of railroads and potentially other big businesses Heavy taxation of land held for speculation Increase in money supply in hopes of creating inflation which reduces debts and may increase crop prices