farmers and the populist movement. populism- the movement of the people bimetallism- a monetary...
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WORDS TO KNOWPopulism- The movement of the people
Bimetallism- A monetary system in which the government would give citizens either gold or silver in exchange of paper currency or checks.
Gold Standard- Backing dollars solely with gold
POPULISM The Populist people were a group of farmers and
other western people who realized that they needed to make changes through a political power.
POPULISM PARTY PLATFORM Also know as the Democratic Party They help proposed economics reforms:
-higher prices for goods and services
-a graduated income tax
-federal loan program Governmental reforms:
-election of the U.S. senators by popular vote
-single terms for presidents and vice-presidents
-a secret ballot to end vote fraud The Party then elected 5 senators, 3
governors, and around 1,500 state legislators
THE PANIC OF 1893 At this time the farmers carried large
debits and loans. There were many railroads that went bankrupt.
When people heard about this they got worried and traded all their paper money for gold.
This caused many businesses and banks to collapse.
By late 1894 fifth of the work force was unemployed.
SILVER OR GOLD The country was split into the two political
parties. There was also two groups divided by who
wants sliver and Gold. The “silverites” liked bimetallism. “Gold Bugs” were people who favored the
gold standard.
GOLD BUGS AND SILVERITES
GOLD BUGS SILVERITES
Who They Were Bankers and Businessmen
Farmers and Laborers
What They Wanted Gold standardLess money in circulation
Bimetallism More money circulation
Why Loans would be repaid in stable money
Products would be sold at higher prices
Effect Deflation :•Prices fall•Value of money increases•Fewer people have money
Inflation:•Prices rise •Value of money decrease•More people have money
WILLIAM JENNGINGS BRYAN Born in Salem Marion County, IL March 19, 1820 Nebraska congressman Editor of the Omaha World Herald Gave the speech “Cross of Gold” Vice-presidential candidate Arthur Sewall
wasn’t liked though.
THE END OF POPULISM The end of populism ended with Bryan losing
the election to McKinley. All of the populist believed only in Bryan so
when he lost the election populism was done away with.
SOURCES http://bioguide.congress.gov/scripts/biodisplay
.pl?index=b000995 American History Book http://en.wikipedia.org/wiki/Gold_bug http://www.associatedcontent.com/article/
197060/the_populist_and_progressive_movements.html
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