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Farmers, Failure and Free Silver
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A. Farmers Move West Cheap Land and the Homestead Act
Railroads Link East and West
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B. Farmers Face Falling Prices
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Farmers Borrow to Buy New Technology: Tractors and Combines
Technology More Production (Wheat, Cotton, Corn) More Production Falling Prices Falling Prices Farmers Try to Produce Even More More Falling Prices
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C. Farmers Face Rising Costs, Unpredictable Harvests, and Foreclosure
Railroads Raise Prices
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Unpredictable Harvests: Bugs and Bad Weather
Failure and Foreclosure: Banks Repossess Farms
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II. Early Solutions Fail
Work Together: Form Cooperatives to Store and Sell Crops Lobby for Laws: Regulate Railroads & Storage Facilities
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III. The 1890s Solution: Free Silver, Populists, and the 1896 Election
Farmers, Fixed Debts, and Inflation B. Free Silver for Inflation
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C. William Jennings Bryan’s “Cross of Gold” Speech
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D. The McKinley Victory and the Failure of the Populists
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