Populism

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Populism

  1. 1.  Populism was the movement to increase farmer’s political power and to work for legislation in their interest. All the financial crisis farmers’ confronted were origin from the Civil War. They produced more crops at a lower price. Banks and transportation charged high tariffs on the farmers. In order to control the money, United States Treasury issued greenbacks, paper currency not exchangeable with silver or gold. This caused inflation, decline of money value.
  2. 2.  After the Civil War ended, three currencies were circulating the US which were greenbacks, gold, and silver coins. The government stopped printing greenbacks and stop making silver coins in order to cause a deflation, an increase in the value of money and decrease in general the value of money. The deflation had a bad impact on the farmers.
  3. 3.  Farmers found out that the only way government were going to meet their demands was buy organizing. United States Department of Agriculture sent Oliver H. Kelley to report the conditions and realized that farmers were very isolated. This report brought to the creation of the Patrons of Husbandry (Grange) the first national farm organization. The Granger failed in their demands and rise their benefits.
  4. 4.  The Farmers’ Alliance met in Ocala, Florida and created the Ocala Demands. • The demands were: adoption of the subtreasury plan, free coinage of silver, end to protective tariffs and national banks, tighter regulation of the railroads, and direct election of senators by voters. To prevent farmers from voting for Populists, Republicans in Congress, led by Senator John Sherman, pushed through the Sherman Silver Purchase Act of 1890. • Authorize United States Treasury to purchase 4.5 million ounces of silver per month. • Many pro-Alliance members were selected for the government giving Populism power.
  5. 5.  The Populist Party • was a relatively short-lived political party in the United States in the late 19th century. • The Populist Party grew out of the agrarian revolt that rose to the collapse of agriculture prices following the Panic of 1873. • promoted collective economic action by farmers and achieved widespread popularity in the South and Great Plains. • The Populists were the first political party in the United States to actively include women in their affairs. • openly talked of the need for poor blacks and poor whites to set aside their racial differences in the name of shared economic self-interest.
  6. 6.  In 1892, the People’s Party organized a political party and nominated James B. Weaver. The demands were that 16 ounces of silver equal 1 ounce of gold. Also for federal ownership of railroads and a graduated income tax, tax higher earnings more heavily. The main goal was to strengthen the government in order to defend from self- interests.
  7. 7.  Populists also seek the demands organized labors seek for. The close relation with the Knights of labors brought many difficulties. The Panic of 1893 caused a great impact bringing many identities to bankruptcy and limiting Populism. Do to the economic crisis, the Sherman Silver Purchase Act was destitute.
  8. 8. Populism brought to the United States theserious demands of the farmers whowere affected by industrialization.
  9. 9.  The American Vision-national geograpgic. http://en.wikipedia.org/wiki/Populist_Party_

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