The Silver Issue
 “Crime of ’73”  no silver, only gold coins.
 Sherman Silver Purchase Act (1890) 
US gov. bought up silver to remove it from
circulation
Price Indexes for Consumer &
Farm Products: 1865-1913
Founder of the National Grange
of the Patrons of Husbandry (1867)
The Grange Movement
 1870s –
farmers set up
cooperative
associations
The Farmers Alliances
 Late 1880s: grew from Grange
but more political, less social
 1890s: controlled eight state
legislatures & had 47
Congressmen
The Populist (Peoples’) Party
 July 1892: Founded by James B.
Weaver
 Almost 1 m. 1892 votes
James B. Weaver, Presidential
Candidate
Omaha Platform of 1892
1. SILVER!
2. Abolish National Bank
3. Direct election of Senators
4. Govt. RR, telephone & telegraph ownership, savings
banks
5. Restrict immigration
6. 8-hour work day
7. Abolish Pinkertons
8. Adopt secret ballot
9. Single presidential term
1892 Election
Causes of the 1893 Panic
 10 days after Cleveland took office.
 Over 16,000 businesses close
 Stock market crash.
 ~ 500 banks closed
 By 1895: 3 m. unemployed
Here Lies Prosperity
Gold / Silver Bug
Campaign Pins
William Jennings Bryan
(1860-1925)
The “Great Commoner”
Bryan’s
“Cross of Gold” Speech
You shall not press
down upon the brow
of labor this crown
of thorns; you shall
not crucify mankind
upon a cross of gold!
Democratic
Party
Taken Over
by the
Populists
Bryan: The Farmers Friend
(The Mint Ratio)
18,000 miles of campaign “whistle stops.”
William McKinley (1843-1901)
The
Seasoned
Politician
vs.
The “Young”
Newcomer
1896 Election Results
Gold Triumphs Over Silver
 1900  Gold
Standard Act
The Wizard
of Oz
by L. Frank
Baum
Henry Littlefield’s Thesis
“Parable of the Populists”?
 Tornado  ?
 Dorothy  ?
 Toto  ?
 Kansas  ?
 Wicked Witch of the
East  ?
 Tin Woodsman  ?
 Scarecrow  ?
 Cowardly Lion  ?
 Yellow Brick Road  ?
 Silver Slippers  ?
 Emerald City  ?
 Oz  ?
 The Wizard  ?
 Munchkins  ?
 Wicked Witch of the West
 ?
 Flying Monkeys  ?
 Yellow Winkies  ?
Heyday of Western Populism

Populism