Work Day:
My section: 5-3 Farmers and the Populist Movement- page 219 in the textbook.
Key Questions:
Ch. 5.3:
-What problems did farmers face on the Great Plains?
-Who were the Populists and what did they believe in?
Start Presenting on Wednesday.
Populism- a late 19th century political movement demanding that people have a greater voice in government and seeking to advance the interests of farmers and laborers.
problems farmers were facing:
prices of crops were falling
good farm land was hard to find.
farmers mortgaged their farms so that they could buy more land, but the banks foreclosed on the mortgages of farmers who could not keep up on their payments. railroads charged farmers with excessive prices for shipping and storage.
inflation took place- prices were raised, so supplies and seed were harder to buy.
economic problems:
greenbacks were issued during the civil war that could not be exchanged for gold or silver and had less value, after the war they began to take them away which caused problems: it increased the value of the money that stayed in circulation. farmers received less money for their crops
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