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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.
- Fall '10