CHAPTER 5 Section 3 Farmers and the Populist Movement
Railroads take advantage of farmers <ul><li>Excessive Prices </li></ul><ul><ul><li>Shipping </li></ul></ul><ul><ul><li>Sto...
Farmer’s Unite <ul><li>The Grange </li></ul><ul><ul><li>Oliver Hudson Kelley </li></ul></ul><ul><li>Isolated Farm Families...
New Political Party Emerges <ul><li>Populist </li></ul><ul><ul><li>People’s Party </li></ul></ul><ul><ul><li>Help farmers ...
Panic of 1893 <ul><li>Farmers are in debt. </li></ul><ul><li>Railroads go bankrupt. </li></ul><ul><li>Government wears thi...
 
Bimetallism vs. Gold Standard <ul><li>Bimetallism </li></ul><ul><ul><li>“ Silverites” </li></ul></ul><ul><ul><li>Gov’t giv...
“ Cross of Gold” speech <ul><li>William Jennings Bryan </li></ul><ul><li>Democratic Convention </li></ul><ul><ul><li>Won D...
McKinley vs. Bryan
Literature of the West <ul><li>It certainly had a wide celebrity...but I was aware that it was only the frog that was  cel...
Questions
What group(s) did the populist party support? <ul><li>The common people – farmer’s, laborers, poor people. </li></ul>
What was the difference between bimetallism and the gold standard? <ul><li>Bimetallism was a policy in which currency was ...
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Chapter 5 Section 3

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Chapter 5 Section 3

  1. 1. CHAPTER 5 Section 3 Farmers and the Populist Movement
  2. 2. Railroads take advantage of farmers <ul><li>Excessive Prices </li></ul><ul><ul><li>Shipping </li></ul></ul><ul><ul><li>Storage </li></ul></ul><ul><li>Farmer’s could not pay their loans. </li></ul>
  3. 3. Farmer’s Unite <ul><li>The Grange </li></ul><ul><ul><li>Oliver Hudson Kelley </li></ul></ul><ul><li>Isolated Farm Families </li></ul><ul><ul><li>Social Outlet </li></ul></ul><ul><ul><li>Educational Forum </li></ul></ul><ul><li>Two Alliances </li></ul><ul><ul><li>Southern Alliance </li></ul></ul><ul><ul><li>Colored Farmers’ National Alliance </li></ul></ul>
  4. 4. New Political Party Emerges <ul><li>Populist </li></ul><ul><ul><li>People’s Party </li></ul></ul><ul><ul><li>Help farmers and laborers </li></ul></ul><ul><li>Party Platform </li></ul><ul><ul><li>Increase in $$ supply </li></ul></ul><ul><ul><li>Graduated income tax </li></ul></ul><ul><ul><li>Federal loan program </li></ul></ul>
  5. 5. Panic of 1893 <ul><li>Farmers are in debt. </li></ul><ul><li>Railroads go bankrupt. </li></ul><ul><li>Government wears thin of gold. </li></ul><ul><li>Stock market crashes. </li></ul><ul><li>15,000 businesses and 500 banks collapse. </li></ul><ul><li>20% of workforce is unemployed. </li></ul>
  6. 7. Bimetallism vs. Gold Standard <ul><li>Bimetallism </li></ul><ul><ul><li>“ Silverites” </li></ul></ul><ul><ul><li>Gov’t gives gold or silver in exchange for paper currency. </li></ul></ul><ul><li>Gold Standard </li></ul><ul><ul><li>“ Gold Bugs” </li></ul></ul><ul><ul><li>Backing dollars solely with gold. </li></ul></ul>
  7. 8. “ Cross of Gold” speech <ul><li>William Jennings Bryan </li></ul><ul><li>Democratic Convention </li></ul><ul><ul><li>Won Democratic Nomination </li></ul></ul><ul><ul><li>Won Populist Nomination </li></ul></ul><ul><li>Excerpt on page 223 </li></ul>
  8. 9. McKinley vs. Bryan
  9. 10. Literature of the West <ul><li>It certainly had a wide celebrity...but I was aware that it was only the frog that was celebrated. It wasn't I. - Mark Twain's Autobiography </li></ul>Bret Harte
  10. 11. Questions
  11. 12. What group(s) did the populist party support? <ul><li>The common people – farmer’s, laborers, poor people. </li></ul>
  12. 13. What was the difference between bimetallism and the gold standard? <ul><li>Bimetallism was a policy in which currency was backed by gold and silver, the gold standard was a policy in which currency was backed by gold. </li></ul>

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