Topic 10.4: Farmers and Populism Unrest in Rural America –Falling Prices and Rising Debt Greenbacks: U.S. paper money Inflation: money loses value, higher.

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Presentation transcript:

Topic 10.4: Farmers and Populism Unrest in Rural America –Falling Prices and Rising Debt Greenbacks: U.S. paper money Inflation: money loses value, higher prices Deflation: lower prices, higher buying power –Deflation Hurts Farmers The Crime of ’73: The decision of the government to stop the minting of silver

The Grange –The Grange Takes Action: Oliver H. Kelley: 1867 –Focused on teaching farmers NEW TECHNIQUES MEANT TO INCREASE PROFIT –The Grange Fails Didn’t change economic problems of farmers Railroads fought back by cutting services and refusing to lay more track Wabash v. Illinois: limited a state’s ability to regulate the railroads, states could not regulate interstate commerce

The Farmers’ Alliance Lampasas County, Texas 1877 Cooperatives: Marketing Organizations to benefit members –The Alliance Grows Kansas Nebraska North Dakota South Dakota South and Great Plains –The People’s Party: Populists –The Sub-treasury Plan: called for the government to set up warehouses where farmers could store crops for low-interest loans until prices increased.

The Beginnings of Populism Populism: a political movement founded in the 1890s that mainly: 1) represented farmers, 2) favored free coinage of silver, and 3) favored government control of railroads and other big industries