Populism Part 1
Economic problems after the Civil War
What are deflation and inflation?
Using gold and silver to back currency.
What is bimetallism?
Speech that called for silver to replace gold as the backing of the dollar.
What is the "Cross of Gold"?
Increasing debt and higher cost for shipping were both seen as these.
What are issues facing farmers on the Great Plains?
This movement was an organization to help isolated farm families
Backing currency with gold only.
What is the gold standard?
Closest election ever where a 3rd party candidate nearly won (Populist Party).
What is the election of 1896?
To increase the value of money farmers pushed for this.
What is to increase the money supply?
Movement seeking to advance the interests of laborers and farmers that gave rise to the Populist party (peoples party).
What is the Populist Movement?
Using only silver to back the dollar.
What is free silver?
What is the "Platform of Lunacy" or the Omaha Platform?
Populism was favored by all of these people.
Who are farmers, miners, and the common man?
Increase money supply, graduated income tax, federal loan program, free coinage of silver are all seen as this.
Nation wide economic depression that began in 1893.
What is the Panic of 1893?
This happened due to improved machinery,fertilizers, and new lands in the Great Plains caused a drop in farmers income.
What is overproduction of crops?
What is the Granger Movement?
Popular vote for senators, single term for president, secret ballot, 8 hour work day, restrict immigration are all seen as this.
What are government reforms of the Populist Movement?
Populist party candidate who delivered the “Cross of gold speech”, which attacked the gold standard.
Who is William Jennings Bryan?
Droughts, floods, hail storms, and insects might wipe out a entire year’s crop are all seen as these.
What are natural disasters?
The fall of Populism is said to have stemmed from this.
What is the election of 1896?