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Vocabulary flashcards covering key concepts from Page 1 notes on farming struggles, prices, middlemen, tariffs, and the Grange movement.
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Vicious circle (farming debt cycle)
A self-reinforcing loop where falling prices increase debts, leading to foreclosures and more production, which further lowers prices.
Tenants and sharecroppers
Farmers forced to work land owned by others, in exchange for a portion of the crops they produce.
Monopolistic trusts
Industrial corporations joining to control prices and reduce competition.
Middlemen
Wholesalers and retailers who take a cut before farmers receive payment, cutting farmers' profits.
Railroad rate discrimination
Railroads charging higher rates for short hauls or less competitive routes, squeezing farmers' profits.
Warehouses and elevators
Facilities that store and ship grain and often charge high or discriminatory rates.
Tariffs
Taxes aimed at protecting industries; farmers view them as unfair taxes that benefit industrialists and raise costs for consumers.
Oliver H. Kelley
Founder of the National Grange, organized in 1868 as a social and educational movement for farmers.
National Grange of Patrons of Husbandry
Nationwide organization for farmers and their families; evolved to defend members against middlemen and railroads and promote economic cooperation.
Granges
Local chapters of the National Grange; spread across almost every state, with many in the Midwest, later owning/cooperating to save costs.
Cooperatives
Farmer-owned enterprises established to save costs by eliminating middlemen.