history test 2 notes

history test 2 notes - The Farmer's Revolt the Populists I...

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The Farmer’s Revolt & the Populists I.Paper money vs Hard currency A.After Civil War US Government reduces printing of paper money 1.Lessen inflation B.Farmers like paper money because there is more of it in circulation 1.Makes paying off debt easier II.“Greenbacks” and Free Silver A.Greenback Party (1876 – 1880), Print more money B.1873: Congress also stops printing silver money: “Crime of ‘73” C.Farmers and Miners want silver money 1.Bland-Allison Act (1878) Remonitizes silver money 2. 1893: Repeal of Sherman Silver Purchase Act III.The Grange vs the Railroad A.Grange movement becomes political B.Wants states to regulate business 1.Unfair rates by railroads and warehouses a)Short haul vs long haul b)1 railroad vs lots of railroads IV.Federal Regulation A.1886 Congress Passes “Interstate Commerce Commission” Act (ICC) 1. 5 person board to ensure railroad rates were fair a)Railroads post rates, file rate reports, outlaw high rates
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B.ICC weak 1.No enforcement power: ignored 2.Will become more powerful late V.The People’s Party A.Farmers realize Democrats & Republicans won’t respond to these demands B.Create a new party 1.“The Populists” or “People’s Party” C.Founded in 1892 D.Strong in plains, mountains, and south VI.Democrats & 1896 election A.Many Democrats B. Liked silver and hated Cleveland C.Free coin age of silver makes their platform appealing to some populists 1.Should populists join Democrats? VII.William Jennings Bryan A.36 yrs old B.Wins Democrat nomination C.“Cross of gold” D.30 speeches a day VIII.William McKinley A.Republican B.Ohio C.Tariff issue
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D.Gold standard E.End depression F.Bryan is nuts! G.“Front porch campaign” H.Mark Hanna IX.Mark Hanna: The Karl Rove of the 19 th  century A.Money-important in running campaign X.Results of 1896 election A.McKinley wins: Dominates NE B.Populist Party is destroyed (many voted Democrat) C.Depression finally ends 1.McKinley takes credit XI.End of silver issue A.Gold discovered in Alaska, Colorado, and South Africa 1.Revitalizes world economy B.Silver issue fades into history XII.End of the Populists A.Largely unsuccessful The Spanish American War of 1898 I.US interests A.Some want to annex Cuba
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1.Sugar plantations B.Age of imperialism 1.Everyone else is doing it! II.Yellow Journalism A.William Randolph Hearst’s New York Journal B.Joseph Pulitzer’s New York World C.Lurid, sensational stories III.Calls for action A.“Yellow Press” leads call for action B.President Cleveland refuses to intervene IV.February 1898 A.De Lame Letter B.USS Maine anchored in Havana Harbor
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