Transcript The Gilded Age-Farmer’s Revolt

The Gilded Age-Farmer’s Revolt
•
•
•
•
•
•
Economic Conditions
Problems with the currency
Granger Movement
Farmer’s Alliances
The Omaha Platform of 1892
The Election of 1896
Farmer’s “villains”
• The Railroads
Farmer’s “villains”
• The Railroads
• High Tariffs
Farmer’s “villains”
• The Railroads
• High Tariffs
• High Debt
Farmer’s “villains”
•
•
•
•
The Railroads
High Tariffs
High Debt
Inadequate Currency in circulation
Three Types of Currency
Three Types of Currency
• Greenbacks
Three Types of Currency
• Greenbacks
• National Bank Notes
Three Types of Currency
• Greenbacks
• National Bank Notes
• Metallic Currency - gold and silver (specie)
The Grange
• Known as the Patrons of Husbandry
• Initiated to relieve the loneliness of
farmers and their families
• Also intended to be a forum where they
could exchange ideas
Farmer’s Alliances
• Northwestern Alliance
• Southern Alliance
• Colored Farmer’s Alliance
The Sub-Treasury Plan
The Sub-Treasury Plan
• Farmers would store crops in govt.
warehouses
The Sub-Treasury Plan
• Farmers would store crops in govt.
warehouses
• Govt. loans farmers 80% of value of crops
at 1% interest
The Sub-Treasury Plan
• Farmers would store crops in govt.
warehouses
• Govt. loans farmers 80% of value of crops
at 1% interest
• Would give farmers source of cheap credit
The Sub-Treasury Plan
• Farmers would store crops in govt.
warehouses
• Govt. loans farmers 80% of value of crops
at 1% interest
• Would give farmers source of cheap credit
• Farmers could sell crops for more $
The Sub-Treasury Plan
• Farmers would store crops in govt. warehouses
• Govt. loans farmers 80% of value of crops
at 1% interest
• Would give farmers source of cheap credit
• Farmers could sell crops for more $
• Also would solve problem of currency, as
Govt. would loan money in Greenbacks
Omaha Platform 1892
•
•
•
•
•
•
•
Subtreasury Plan
Unlimited Coinage of Silver currency
Increase $ supply to $50/capita
Graduated income tax
postal savings banks
nationalize rr’s, telephone and telegraph
8 hour work day and outlaw Pinkertons
William McKinley
William Jennings Bryan
The Election of 1896
• Democrat- Wm. Jennings Bryan
• Republican- William McKinley
The Election of 1896
• Democrat- Wm. Jennings Bryan
• Republican- William McKinley
• McKinley defeats Bryan
Results of Election of 1896
• The Frontier was closed (1890)
Results of Election of 1896
• The Frontier was closed (1890)
• Transition from rural to urban at peak
Results of Election of 1896
• The Frontier was closed (1890)
• Transition from rural to urban at peak
• In the end, the city won out over the country
Results of Election of 1896
•
•
•
•
The Frontier was closed (1890)
Transition from rural to urban at peak
In the end, the city won out over the country
Myth of Yeoman Farmer put to rest
Results of Election of 1896
•
•
•
•
•
The Frontier was closed (1890)
Transition from rural to urban at peak
In the end, the city won out over the country
Myth of Yeoman Farmer put to rest
Urban industrial values had taken over
political system