Gilded Age Politics II

Gilded Age Politics II - Gilded Age Politics The Farmers...

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Unformatted text preview: Gilded Age Politics The Farmers Problem and the emergence of Populism The Emergence of Political Machines Social Darwinism and Laissez Faire Capitalism Farmers in Debt Railroads, investors create bonanza farms huge, single-crop spreads 18851890 droughts bankrupt single- crop operations Rising cost of shipping grain pushes farmers into debt Farmers unite to address their economic problems, giving rise to the Populist movement. Farmers and the Populist Movement Farmers Unite to Address Common Problems Economic Distress Farmers buy more land to grow more crops to pay off debts After Civil War, government takes greenbacks out of circulation Debtors have to pay loans in dollars worth more than those borrowed Prices of crops fall dramatically 1870s, debtors push government to put more money in circulation 1878 Bland-Allison Actmoney supply increase not enough for farmers Problems with the Railroads Lack of competition lets railroads overcharge to transport grain Farms mortgaged to buy supplies; suppliers charge high interest The Farmers Alliances 1867, Oliver Hudson Kelley starts Patrons of Husbandry or Grange Purpose is educational, social; by 1870s, Grange fighting railroads Farmers Alliances groups of farmers and sympathizers - lectures on interest rates, government control of railroads, banks - gain over 4 million members The Rise and Fall of Populism The Populist Party Platform Populism movement of the people; Populist Party wants reforms Economic: increase money supply, graduated income tax, federal...
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Gilded Age Politics II - Gilded Age Politics The Farmers...

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