Gold And Silver Standard


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Gold And Silver Standard

  1. 1. Brought to you by BLING Populism
  2. 2. Post Civil War National Economy <ul><li>Industrial Production Increased </li></ul><ul><li>Agricultural Production Increased </li></ul><ul><li>Greater Supplies = Drop in Prices </li></ul><ul><li>Farmers: lower prices hurt crop sales </li></ul><ul><li>Farmers: long-term debt / fixed payments </li></ul><ul><li>Idea: More money = easier payments </li></ul><ul><li>Inflation makes debts worth less to Northern banks who oppose silver standard </li></ul>
  3. 3. What were the Grange and Farmers’ Alliances ? Cooperative Groups designed to educate farmers about organizing and petitioning state governments for more control of railroads and obtaining low interest loans.
  4. 4. Populism <ul><li>Main Ideas: </li></ul><ul><li>The downtrodden and “little people” could have a say in government. </li></ul><ul><li>Began a move toward political and social reforms. The Progressive Era . (next week) </li></ul><ul><li>Country in financial crisis (1893 – 1896) </li></ul>
  5. 5. Silver and Gold Poor Farmers vs. Wealthy Bankers
  6. 6. Populist Political Platform <ul><li>Created in 1892 </li></ul><ul><li>Sought a government relief of farmers’ debt </li></ul><ul><li>Give regular people a voice in gov’t. </li></ul><ul><li>Increase money supply (Silver Standard) </li></ul><ul><li>Graduated income tax </li></ul><ul><li>Federal loan program </li></ul><ul><li>U.S. Senators to be elected by popular vote </li></ul><ul><li>Eight hour workday </li></ul><ul><li>Immigration restrictions </li></ul><ul><li>Collapsed after 1896 Election (Economy Improved) </li></ul><ul><li>Populist platform would be taken over by Democrats </li></ul>
  7. 7. ‘ Cross of Gold’ speech by William Jennings Bryan “ You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold.”
  8. 8. 1896 Election William McKinley Republicans William Jennings Bryan Democrats
  9. 9. 1896 Election McKinley - Republicans Bryan - Democrats <ul><li>Campaigned Heavily – up to 20 speeches a day </li></ul><ul><li>6.5 million votes – carried South and the farm vote of the Middle West. </li></ul><ul><li>Campaigned very little </li></ul><ul><li>7 million votes – carried East and the industrial Middle West. </li></ul>
  10. 12. 1896 Election McKinley - Republicans Bryan - Democrats Effects <ul><li>Collapse of the Populist Party – however, not all lost </li></ul><ul><li>New Ideas that later became law </li></ul><ul><li>Message of hope to downtrodden </li></ul>Winner
  11. 13. Could a major candidate running for president today truly claim to be a “populist” candidate?
  12. 14. Could a major candidate running for president today truly claim to be a “populist” candidate? While the Populists of the late 1800s fought for the rights of farmers and laborers and battled the railroad companies, today’s political analysts often hang the label of populist on a candidate fighting for middle-class families and blue collar workers against big corporations. In the current political landscape, however, where nearly all candidates rely on corporate donations to help them cover the increasingly exorbitant cost of campaigning, it is often difficult to claim the title of populist.