Wizard of oz(9)
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  • 1. Populist Party and the Wizard of Oz
  • 2. Farmer’s Problems in the late 1800s
    • Falling crop prices
    • Unable to pay back debt
  • 3. Farmer’s Wanted
    • Add the silver standard to the gold standard
    • This would result in:
      • Increase in money supply (inflation)
      • Increase in prices for farm products
      • More money for farmers
      • Able to pay back debt
  • 4. Populist Party
    • Political party formed by farmers
    • Wanted major changes in gov’t
      • Increase $ supply
      • Silver and gold standard
      • Income tax (more income = pay more taxes)
      • 8 hr. work day (attempt to gain support from factory workers)
  • 5. Populism & The Wizard of Oz…
  • 6. The Gold Standard
    • The value of money is linked to the money supply.
    • Up until and after the Civil War, all dollars issued in the U.S. could only be backed by, and could only be redeemed for, gold.
    What might represent gold?
  • 7.
    • Yellow Brick Road represents the gold standard, a road that looks hopeful, but leads nowhere.
    • “ Oz” represents “oz.” or the abbreviation for ounce, the standard measure for gold.
    Yellow Brick Road and Oz
  • 8. Farmers
    • Faced low crop prices, high machinery prices, and high tariffs.
    • Tariff - fees on imported goods that discourage buyers from purchasing imports
    • Midwestern farmers were very pro-Populist. They wanted to increase money supply by backing dollars with silver.
    • A silver standard would increase inflation and raise crop prices.
    Who represents the farmers?
  • 9.
    • Represented the struggling Midwestern farmer at the turn of the century
    • In Baum’s version, Scarecrow rules Emerald City after Oz is dethroned.
    • Baum predicted that farmers would gain political power.
  • 10. Industrial Workers
    • Eastern industrial workers were anti-Populist because they didn’t want their wages cut due to inflation.
    • Baum viewed these workers as victims who had become mechanized and dehumanized.
    Who represents the industrial workers?
  • 11.
    • Represented the urban industrial worker who was enslaved to heartless industries
    • In making the Tin Man rule the West, Baum predicted that industry would move west.
    Tin Man
  • 12. William Jennings Bryan
    • Congressman from Nebraska who ran for President from the Populist party in 1896.
    • A skilled orator--gave the Cross of Gold speech
    • Advocated heavily for bimetalism.
    Who represents Bryan?
  • 13.
    • Represented William Jennings Bryan
    • Described as having a loud roar, but little else--Bryan lost to McKinley by 95 electoral votes
    • In having the Lion protect smaller beasts in a “small old forest,” Baum predicted that Bryan would return to Congress.
    Cowardly Lion
  • 14. President William McKinley
    • The Republican candidate in the 1896 race for Presidency--anti-Populist.
    • Baum viewed McKinley as not being as powerful or wise as the facade that he put forth.
    Who represents McKinley?
  • 15. The Oppressed
    • Baum saw these people as ‘slaves’ of the eastern banking and industrial interests.
    • They were anti-Populist because they didn’t want their wages to decline in value due to inflation.
    Who represented these oppressed people?
  • 16.
    • The “little people” in America whose power had been taken away by big business and industry
    • The Munchkins were slaves to whom in the story?
    The Munchkins
  • 17.
    • Symbolizes large industrial corporations that Baum thought oppressed “the little guy”
    Wicked Witch of the West
  • 18.
    • Is thought to represent Americans, who Baum viewed as good-natured, but naïve.
  • 19.
    • Represented the Prohibitionist Party.
    • They were pro-Populist.
    • “ Toto” is a play on the term “T-Totalers,” or people who drank no alcohol.
  • 20.
    • Thought to represent Washington, D.C. and the color of green American dollars.
    Emerald City
  • 21.
    • Was the Good Witch of the North, a pro-Populist region.
    Glenda the Good Witch
  • 22.
    • Showed Baum’s sympathy for the plight of Native Americans
    • “ Once . . . We were a free people living happily in the great forest . . . This was many years ago before Oz came out of the clouds to rule over this land.”
    Winged Monkeys
  • 23. Key Terms
    • Inflation - the greater the amount of money in print, the less the money is worth
      •  money in print =  worth
    • ex: baseball cards
    • Deflation - purposely reducing the money supply so that the value of each dollar increases
      •  money in print =  worth
  • 24.
    • Money supply - the amount of money in a nation’s economy; the greater the money supply, the less each dollar is worth
      • As money supply  , value of dollar  (inflation)
      • As money supply  , value of dollar  (deflation)
    Key Terms
  • 25.
    • Gold Standard - the government only produces a dollar if it possesses $1.00 worth of gold to “back it up”
    • Populists - political party that demanded radical changes in federal, economic, and social policies
      • Wanted to increase money supply--and cause inflation--by having a silver standard in addition to the gold standard
    Key Terms