Posted by 8Brittany on September 27, 2011 at 10:27am
Assigned blog is to pick any topic from chapters 5-9.Ch. 5.3:-What problems did farmers face on the Great Plains?Prices of crops began to fall, there wasn't any good farm land. Railroads were charging the farmers more than they needed to. Farmers produced more than they needed to and it lowered prices. It affected everyone, green backs-printed paper money during the civil war, made money worthless. Railroads were charging way to much for interest, there was only one railroad so they had to share. Farmers were in debt to railroads.Gold standard- where the money is back by gold and if it is not it is worthless.-Who were the Populists and what did they believe in?Populism-movement of the people. Populist people were a group of farmers and other western people realized that they needed to make changers through a political power. Democratic Party, help proposed economics reforms, higher prices for goods and services, a graduated income tax, federal loan program. Government reform election of the U.S. senators by popular vote, single terms for presidents and vice-presidents, secret ballot to end vote fraud, The Party then elected 5 senators, 3 governores, and around 1,500 state legislators.Panic is what they used to call depressions. Gold Bugs-people who favored the gold standard. Silverites- favored bimetallism. Ended with Bryan lost to McKinley.
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