9.24.12

Notes:

  • Greenbacks were issued during Civil War
  • Bland- Allison Act required government to buy and coin $2 to $4 million worth of silver each month.

 

Ch. 5.3:
-What problems did farmers face on the Great Plains?

  • Farmer's would mortgage their farms for credit to get seed and supplies.
  • railroads made agreements with a middlemen allowing railroads to control grain storage prices.


-Who were the Populists and what did they believe in?

  • Populist Party was founded in 1892 in Nebraska.
  • The members consisted of of poor cotton farmers of South and poor wheat North farmers.
  • Goal was to help the farmers not be weighed down by money.
  • They form to a political party lead by common people not just government.
  • They wanted a graduated income tax
  • Elect senators by popular vote
  • 8 hour work day



Ch. 6.1:

-What caused the Industrial revolution to really take off in the late 1800's?

-What were some new inventions in the late 1800's and what affect did they have on people's lives?

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