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The Rise and Fall of Populism

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1 The Rise and Fall of Populism
US History

2 GOVERNMENT POLICY IN the Last West
Pacific Railway Act Railroad Land Grants Homestead Act –2 160 Acres for small legal fees if “improved” Indian Wars

3 Settlement of the Last West
Railroads Settlers Homesteaders Ranchers Miners

4 Western Farmers/Homesteaders -3
Poor Conditions – dry no trees weather extremes insects Problems Debt – owe $ to RRs, storage, banks, suppliers Costs: machinery, storage, taxes, railroads Low prices – more acres under cultivation lowered prices

5 The Populist Revolution

6 Inflation – increasing the $ supply/lowering value of $
Idea of mortgage/debt: $800 month $50,000 salary With raises, the mortgage gets cheaper. Farmers weren’t getting raises, so they argued for inflation. More money in circulation=more money to farmers. Debts and mortgages get cheaper because the cost are set.

7 The Populist Revolution
The Populist (People’s) Party: Lease Document: Context, Purpose, Bias Weaver and the 1892 Omaha Platform free and unlimited coinage of silver (inflation) direct election of senators graduated income tax government ownership of railroads and storage 8 hour day Results of Election of 1892

8 The Populist Revolution
Election of 1896 Populist/Democrat Merger: William Jennings Bryan Document: Audience, Purpose, Point of View Republicans: McKinley (Pro Big Business) Election Results: McKinley/Republicans win end of Populism Significance of 3rd Parties: bring up ideas the other parties will adopt later on (income tax, govt. regulation, direct election) Review: Crash Course #26 (8: :18)

9 The Wizard of Oz: Parable of Populism?
Historical IssuesWorkers Washington, DC Eastern Factory Workers William Jennings Bryan The Gold Standard Weather The American People Gilded Age Presidents Free and Unlimited Silver (Inflation) Ounces of Metal Western Farmers Eastern Industrialists Plains Indians The Book Scarecrow Tinman Wicked Witch of the East The Wizard Cowardly Lion Dorothy The Silver Shoes Yellow Brick Road Oz Emerald City Winged Monkeys Wicked Witch of the West

10 Cartoon Square 1 – Reasons settlers went west Square 2 – Problems for Farmers Square 3 – Response by Farmers Square 4 – Outcomes of Actions

11 Gold to Silver In the 1890s, 32 ounces of silver was worth 1 ounce of gold even though the market values were different. Populists demanded that 16 ounces of silver would be worth one once of gold. This would double the value of silver. Unlimited coinage of silver would cause inflation helping people pay off debts.

12 The Last West

13 Pacific Railway Act

14 Land Grants

15 Homestead Act

16 Homestead Act

17 Settlement of the West

18 Western Miners

19 Western Ranchers

20 Homesteaders

21 Homesteaders

22 Homesteaders

23 1896 Election Bryan (D/P) v. McKinley (R)

24 Wheat Cotton Corn Price per Bushel Millions of Bushels Produced 1865
Year Price per Bushel Millions of Bushels Produced 1865 2.16 NA .83 2,094 1870 1.04 254 .24 4,352 .52 1,125 1875 1.01 314 .15 4,631 .42 1,450 1880 .95 502 .12 6,606 .39 1,707 1885 .77 400 .11 6,576 .32 2,058 1890 .84 449 8,653 .50 1,650 1895 .51 542 .07 7,162 .25 2,535 1900 .62 599 .10 10,124 .35 2,662

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