Depression era protests the first real protests were

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Unformatted text preview: an farmers also organized into the White Hats [“Gorras Blancas”], who were against the encroachment of English ranchers on their traditional lands, but this failed too. - Farmers’ Alliances (1890s) – there were two (Great Plains & South). They began in Texas, and were generally groups of small farmers that were trying to combat big money, esp. RRDs. Like the Granges, they held rallies, educational meetings, and had cooperative buying and selling agreements. - Subtreasury Plan – proposed by the FA, this was a plan to help indebted farmers that called for the federal gov’t to build warehouses where farmers could keep crops [and receive loans at 80% of the market price] while they waited for higher prices. Also, the gov’t would give low-interest loans to land buyers. This was meant to inject cash into the economy and raise crop prices while keeping others the same. 156 - E/t early attempts at merging were sabotaged by sectional differences, both Alliances eventually formed a third party in Omaha 1892 – the Populist Party. The Populists nominated Weaver for the 1892 election, and he ran on the Omaha Platform, which called for gov’t ownership of utilities and RRDs, gov’t ownership of land, farm loans, expansion of the currency, an income tax, direct election of Senators, and a shorter wkday. - Of course, Weaver lost to Cleveland, but the Populists gained support through their wild speeches, etc. *The Depression of the 1890s* - The Depression of the 1890s really started in 1893 with the collapse of the Nat’l Cordage Company, which, like many other RRDs and manufacturers, had borrowed too much and was unable to pay its debts. To try to make up for their debt, companies bought more equipment and worked people harder – but all that did was make workers lose money as well. So companies closed, banks closed…overall, it sucked. - The worst of it was between 1893 and 1895…people lost money, so they didn’t want to buy things, so prices dropped more, so wages dropped more…you get the picture. Currency was still a problem, as the gold reserves were dropping due to a silver boom, and the more the gold dropped, the more people tried to redeem...
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This note was uploaded on 04/02/2014 for the course APUSH AP United taught by Professor Orban during the Fall '10 term at Harrison High School, Harrison.

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