Agrarian Protest, I.Introduction-- Free Labor in the Gilded Age II.Economic Currents A.Transformation of Agriculture B.The New Corporate Power C. The Weak State III.Political Responses A.Grange B.The Greenback Party C.The People’s Party IV.The Populist Crusade A.Proposals B.Victories C.Disappointments D.Evaluation
Old Farming Free Land –Homestead Act, 1862 Local Market Hand Labor
New Farming
Railroad and Grain Elevators Central Storage for transport Owned by railroads and shippers Monopolies
The Grange Founded ,000 members (1875) Railroad regulations
The People’s Prairie Tradition of political radicalism in Midwest and Plains farming regions –New England abolitionism –German republicanism –Scandinavian socialism Populist Convention, Callaway, Nebraska, 1896
Southern Populism Tenant farming (“sharecropping ”)
Racial Unity “You are kept apart that you may be separately fleeced of your earnings. You are made to hate each other because upon that hatred is rested the keystone of the arch of financial despotism which enslaves you both.” –Tom Watson, 1892
Western Miners Silver Currency Disappointment Idaho Miners in the 1880s with RR financier Jay Gould
Workers Panic of 1893 Coxey’s Army, to 25% Unemployment
The Great Commoner and the People’s Joan of Arc William Jennings Bryan, 1880Mary Elizabeth Lease
Gold and Silver Concerns: –Money Supply –Patchy prosperity –Concentration of Wealth
Tariffs v. Taxes Assessments on Imported Goods – % – % – % – % – % – % (MFN); 0% for N. America
Populist Program Interstate Commerce Act (1887) Sherman Anti-trust Act (1890) Federal Income Tax (1894) Silver Coinage at 16 to 1 ratio (inflation) Government ownership of telegraph and RR Postal Savings Banks Reclamation of RR land Secret Ballot Referendum Direct Election of Senators Anti-Imperialism
A Nation Divided
Pathologies Political Anti-Semitism –Myth of the International Jewish Banking Conspiracy –Passion Play Metaphor
Changing Fusion –Populists become faction in Democratic Party –Lose radical edge Turn to demagoguery –Once an egalitarian, Watson rages against blacks, Socialists, Catholic, and Jews Statue of Tom Watson, GA state capitol
Evaluation Cranky, crazy, and reactionary OR Idealistic, democratic, egalitarian, and visionary?