| A | B |
|---|
| farmer problems | railroads had no competition |
| credit cycle | farmers needed credit, but could not pay back before needing more credit |
| The Grange | united farmers to fight the railraods |
| Farmers Alliance | organization sympathizing with farmers |
| populism | the peoples party |
| populist party | only way to make big changes was to join together politically |
| populist platform | economic reform, increase money supply to rais prices of goods and services |
| second populist platform | graduated income tax |
| government reform | popular elestion of senators, term limit for prez and VP, secret ballots, 8 hr workday,immigration restricted |
| Economic Crisis of 1893 | govt buying silver and gold for money supply |
| bimetallism | got page god or siver in exchange for paper money or checks |
| gold standard | backing dollars only with gold |
| gold bugs | bankers, business men |
| silverites | farmers and laborers |
| What did Gold bugs want? | gold standard, less money in circulation |
| What did Silverites want? | bimetallism, more money in circulation |
| Why did Gold bugs want? | loans would be repaid in stable money |
| why did silverites want? | products would be sold at higher prices |
| Effects of Gold bug plans? | deflation, prices fall, money value increases, fewer people have money |
| effects of silverite plans? | inflation, prices rise, money value decreases, more peopel have money |
| populism in presidency? | not sue if they should nominate own candidate or join with other party to be stronger |
| populism candidate | william jennings bryant, hated Artuhur sewell, vp candidate |
| Populism in election | MkKinley , republican, won, collapsing populism |
| Natural resources | western expansion lands provided more, to fule industrial growth in America |
| US government | instrumental in removing/controlling Native Americans threatening access to natural resources |
| open immigration | supplying a steady streamof workers for growing industry |
| chinese exclusion act | limited chinese immigrants from 1892-1902, banning immigration till 1940 |
| unskilled workers | no longer desired after completion of railroad |
| as workers organzied into union | govt sides with business management to end strikes, sent in troops |
| protective tariffs | put in place to protect US industries from foreign competition |
| open immigration depressed wages | by flooding market with unskilled workers |
| government actions | undermined unions |
| Tarifs | kept prices artificially high |
| steel plow, mechanized reaper, western farmlands | led to overproduction, producin an abundance of crops |
| even with urban population growth | crop supply exceed demand and prices fell |
| farmers unable to pay loans | loans were used to purchase land and equipment |
| by planting more crops | famre caused prices to drop even more!!! |
| The Grange | social organization designed to alleiveate the farmers isolationism |
| purpose of Grange | unite farmes , elect farm friendly reps, increase collective buying power |
| granger laws | attenpted to regulate transportation and storage rates charged by railroad |
| munn vs. illinois | supreme court upheld rights of states to regulate storage rates charged by railroad, not transportation rates |
| interstate commerce act | 1st attempt of govt to regulate business in interest of individuals |
