Farmer's and The Populist Movement

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US History

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28 Terms

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We are Farmers

After the Civil War, farmers faced numerous financial difficulties.

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-The currency was changed, leaving farmers in the lurch with the rising cost of their loans.

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-The price of crops dropped significantly.

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-They had to pay the railroads increasing prices

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-Railroads and merchants colluded to control grain prices.

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-Banks and creditors charged high interest rates.

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-Farmers were being squeezed out of their farms.

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1867 The Grange Movement

-Under Oliver Hudson Kelley in 1867, farmers came together to form the Grange movement.

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-Initially formed as a social group for isolated farm families.

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-Soon, the farmers began organizing to fight the railroads.

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-Farmers' Alliances began to form all over the country, which included supporters of farmers as well as the farmers themselves.

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Populism

-"The Movement of the People"

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-The populist, or People's party, was found in 1892 in Omaha, Nebraska.

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-They sought to help farmers with their debt difficulties.

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-Platform

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-Bank regulation

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-Graduated income tax

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-Federal Loan Programs

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-Government ownership and regulation of the railroads.

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-Bimetalism

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Wiliam Vs. William

-The 1896 Presidential election saw William McKinley vs. William Jennings Bryan.

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-William McKinley supported the gold standard and was heavily funded by the robber barons of the day.

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-He promised little government regulation on business.

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-William Jennings supported farmers and bimetalism

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-He supported the Populist platform.

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-Gave "Cross of Gold" Speech

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-William McKinley won because he had wealthy backers.

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-Despite this, some of the Populist platform policies were insitituted.