HIST 128 NOTES 5

HIST 128 NOTES 5 - The Farm Problem & Agrarian Revolt...

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HIST 128 (NELSON) Political mediocrity at the time Much corruption in politics, organizations, etc. Economic conditions Fall in commodity prices from 1870-1890 Price of wheat, cotton, etc. fell More railroads meant more production; however also built over production, which caused prices to drop even further Farmers had very little bargaining power Farmers were in debt, took out loans and couldn’t pay mortgages Some farmers grew more to overcome, which led to overproduction Sharp depression Hard to maintain a cohesive union Farmers had to deal with railroads and host of other people to deal with Perseverance, targeted railroads as main enemies Farmers never could set prices for what they bought or sold Tariffs made it harder for foreigners to buy agricultural goods Resulted in Agrarian Revoldt The national Grange The first farmers "union" or organization founded in 1867 1.5 million joined
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HIST 128 NOTES 5 - The Farm Problem & Agrarian Revolt...

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