Left farmers in debt or with little profit heavy

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Left farmers in debt or with little profit Heavy Taxes and Tariffs Taxes fall heavily on farmers since they own a large amount of land Falling Farm Prices Costs of goods varies dramatically If prices are low, farmers want to produce more o If everyone produces more, supply increases while demand stays the same o Market price for goods fall even lower High Cost of Credit Farmers need to borrow money for land, equipment, etc o 15% interest o Three to four times more than normal B. Farmer's Organizations: Businesses get tax breaks that aren’t available for farmers Leaves less people paying taxes, causes an increase in taxes, hurts farmers that are paying Southern Alliance White southern farmers National Farmers' Alliance Northern and midwestern Colored Farmers' Alliance 3 million people involved in the Alliances Allow farmers to chat about how to increase productivity, lobbying for bills, etc o Begin becoming more political Alliance members begin to get political positions in both parties C. The People's Party: Basically a political party made up of the Southern, National, and Colored Farmers’ Alliances Sole purpose is to promote agrarian business Silver Purchase Act (1890) Currency should be redeemable in gold in US reserves Silver purchase Act increases the amount of money circulating by including silver
o More money available= lower interest rates o More money makes each bill less valuable Good for farmers, bad for business Act repealed to fed gov D. Election of 1896 William Jennings Bryan Supports the use of silver o Democrat People’s party doesn’t know if they should disband and support Bryan, or split the votes with democrats o Decide to remain their own party and nominate Bryan Unable to get vote of urban workers E. McKinley Prosperity Dingley Tariff (1897) Supports the gold standard o Republican Wins election with over 50% of the votes Pro Business man Wins election of 1900 Raises tariffs even furthers Economy does recover under mckinley bc new gold is found in Alaska, south Africa, and australia III. The End of Agrarian America Reform and Progressivism, Part 1 Progressive movement – people trying to reform government industry and economy that is going to benefit more people Rather than wealth going to corporate owners, goes to workers, poor, immigrants, etc. Protect people from bad products and working environments Industrial concerns **not rural concerns I. The Problems of Industrial Society Muckrakers o Teddy Roosevelt says that the people writing are exposing the bad parts of society to the world o Writing exposés on corruption and businesses, exposing bad things happening/conditions o Fictional writers o Upton Sinclair – The Jungle, meat packing plant II. The Progressive Spirit Herbert Croly , The Promise of American Life (1909)
o The way to deal with these problems is to increase the power to the state rather than giving the control to the businesses and enterprises o

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