U.S. History Exam 1 - FLASHCARDS - 2_2 Lecture 7
What did the populists stand for?
Represented the people
When did the Populists become a party?
1892, through the Omaha convention
What did the populists propose?
Direct election of US senators, government control of currency, graduated income tax, low-cost public financing, recognition of workers and right to form labor unions, and public ownership of railroads
Who was James Weaver?
First 3rd party candidate to get 1 million votes. Ran for the populist party
Did people in cities support the populists
No. Rural areas had their support
What was the Panic of 1893?
5 year depression that left 20 percent of workers out of jobs. 3 million people were left unemployed. Two dozen businesses a day failed
What was the first event of the Panic of 1893?
Philadelphia and Reading Railroad went bankrupt
What was the 1896 presidential election?
Populists surrendered their identity and allied with the Democrats to choose William Jennings Bryan.
What was the Cross of Gold Speech?
Speech by William Jennings Bryan at the Democratic Convention in 1896, that advocated bimetallism. Wanted to standardize the value of the dollar to silver and opposed pegging the value of the United States dollar to a gold standard. It was his goal to create inflation to help those in debt.
What were the results of the 1896 election?
The populist party came to an end
