the populist revolt against industrialism Flashcards
populism starts in
kansas
america is still heavily rural
rectangle of riteousness
country cousins of the labor unions
agrarian america
farmer is hardworking, diligent, honest, independent, takes care of their own needs
ideal to run a democracy
idealize their own past
not reactionary sore losers
want industrialism that’s a little more humane
jefferson afrarianism
thomas jefferson could see industrialism coming, and he didn’t like it
workers are not independent
they depend on their food and housing from their job
can’t threaten their boss
workers will vote like their boss tells them to
farmers can vote according to interest of country
want industrialism that’s a little more humane
industrialism’s threat to farmers
overproduction-prices drop so much that they can’t make money
costs money to farm
start borrowing money from banks
-give farmers small loan with high interest rate
-farmers feel like they’re getting screwed by the banks
overcharge farmers for RR
belief similar to KOL- wealth is product of labor
producerism- wealth is generated by labor
status anxiety
forming alliances- national farmers’ alliance
1880s links to the KOL political parties start to see it as a threat convention sympathizes with KOL KOL want to vote for populists allies in the same cause populist convention, Nebraska, 1890 populist party- 3rd party
the national alliance’s plan- the ocala demands
direct election of senators
graduated income tax
-keen on taxing rich heavily because they don’t believe they got that money honestly
no protective tariffs for industry
subtreasury system
-have government construct series of grain elevator
-store their grains and wait so prices will rise
-set up credit union to give you loan
-indirect government loan
free coinage of silver
-on gold standard, every dollar is backed up with gold at ft. knox
-only as much money as their is gold
-if you are someone who is in debt, how are you going to find $500
-a lot more dollars out there in circulation
-Promote economic welfare and extend political democracy
-Tariff reduction
-Government ownership of banks and RR
-Secret ballot
-Voters to initiate and decide public issues
populist party
• Populists= people’s party of America • Omaha, Nebraska • Broadened party’s appeal to industrial workers • They wanted: o Graduated income tax o 8 hour work day o Immigration restriction • women’s suffrage • James B. Weaver 4 prez- came in 3rd but still got 1 mil pop votes • Did well electing at state level • Increased total vote by 42%
election of 1896
• Democrats- William Jennings Bryan of Nebraska, farmers’ advocate, favored silver coinage
o Also endorsed by populists
• Republicans- William McKinley, governor of Ohio, supporter of gold standard and high tariffs on manufactured and other goods
• Bryan went across country while McKinley sat on front porch
• M hired Hanna to hire people to campaign for him
• M won 51% of pop vote and 61% of electoral
• Republicans got edge in party affiliation
• Reps fashioned coalition that included corporate capitalism and workers
• Election broke political stalemate in Age of Organization
• 1897- depression ended bc of gold discoveries in Alaska
o Foreign crop failures