populism Flashcards
when did the knights of labor strike against “robber baron” Jay Gould?
1885
what was the omnibus indictment act?
Cleveland made it to make some strikes illegal
what was the interstate commerce act?
tried to stop rail price discrimination
what was the 1894 Pullman strike?
workers struck against the Pullman palace car company after wage slashes.
injunctions were issued because it went against the antitrust act
what was the 1895 “US vs E.C Knight Company” case?
the sugar refining company was ruled as not constituting a control of trade
(Sherman anti-trust act undermined)
when was the Sherman antitrust act used?
against the standard oil company,American tobacco company and northern securities company
what was the impact of the 1893 depression?
- stock market crash
- 15,00 companies and 600 banks closed
- national unemployment was 20%
- the rise of progressiveness
- the upsurge of business consolidation
- cleveland repealed the silver purchase act (back to gold standard)
why was Cleveland criticised? (1893 depression)
- the laissez-faire attitude
- baking from banker JP Morgan of $62 million
- silver purchase act
- side with wall street men rather than little people
what was the Sherman silver purchase act?
the government agreed to buy 4.5 million ounces of silver each month at half price for coinage
what was the 1893 repeal of the silver purchase act?
cleveland removed the silver purchase act to try and increase confidence in the market with just gold
what was the populist movement?
- a group wanting to improve working conditions, protect farmers from railroad companies and have more political power to compete with businesses
(stemmed from granger movement, knights of labor and other alliances)
what was the silver production in 1860 and 1890?
$150,000 and $57 million
what were working conditions like?
very dangerous 75 hours per week - no breaks no compensation immigration (cheap labor) strikes
when was the case “knights of labour vs Jacobs?
1888
when was the populist political party created?
1892