Vocabulary Quiz

1
(No Transcript)
2
Vocabulary Quiz

• Labor
• Labor Movement
• Labor Unions
• Salary
• Knights of Labor
• Federation of Labor
• Strike
• Collective bargaining
• Haymarket Tragedy
• Homestead Strike
• Pullman Strike

3
Populists, Progressives, and Reformers1870 to
1914
4
Vocabulary

• Grange
• Grange Movement
• Interstate Commerce Act
• Populist
• 5. Muckrackers

5

• Grange- a farm

6

• Grange Movement-
• farmers wanted to control railroad costs
• showed that farmers were able to organize and
  support a political agenda
• Many of their ideas were taken up by other
  political organizations, most notably the
  Populist Party
• Common Message
• Lower interest rates
• Government control of railroads and banks
• Increase in money supply
• High tariffs to protect farmers from foreign
  competition

7

• Interstate Commerce Act- a law that created a
  group to oversee the behavior of the railroad
  industry. With this act, the railroads became the
  first industry subject to Federal regulation.

8

• Populist-
• A group that was started by farmers.
• They wanted to end the gold standard (paper money
  had to be backed by gold).
• GIVE PEOPLE GREATER VOICE

9

• Muckrackers- people who expose wrongdoings in
  business and in government. They raked up the
  muck (dirt) in American life.

10

• Farmers in trouble
• Grew more food from 1870 to 1900
• Earned less money because crop prices dropped
• Had debt from buying new equipment and seeds
• Paid railroads monopolies excessive rates for
  shipping crops to market
• Farmers join Grange Movement
• Lobbied for Granger laws to control railroad
  rates
• Granger laws declared unconstitutional by courts
  said state cannot regulate interstate commerce

11
THE POPULISTS Grassroots Movement
Local and state level
Peoples Movement Spreads
Becomes a national movemnt
12
Who were the Populists?

• Farmers formed Populist Party to achieve goals of
  farmers and working class
• End gold standard
• Create income tax for rich
• Make eight-hour workday
• Change Constitution to allow for direct election
  of senators
• Populist Party died when their issues were
  adopted by Democratic and Republican Parties
• Populists were generally rural Americans.

13
Written by a Farmer during the 19th Century
When the banker says he's broke And the
merchants up in smoke, They forget that it's
the farmer who feeds them all. It would put them
to the test If the farmer took a rest Then
they'd know that it's the farmer feeds them all.
14
Price Indexes for Products
15
FARMER'S COMPLAINT
16
Populist Party

• Farmers still could not earn enough money to pay
  debts
• Farmers blamed gold standard for debt problem
• All paper money was backed by gold
• Government could not print new money without
  buying gold
• Population increased, so demand for money
  increased
• Value of money increased due to scarcity
  (deflation)
• Deflation caused drop in prices of goods and
  services
• Crop prices kept falling but debt kept growing
  with interest
• Bankers wanted to keep the gold standard because
  it was making them rich the value of their
  money was always growing
• Farmers wanted both gold and silver
• Would increase money supply
• Increase supply would lead to inflation
• Inflation would increase prices but not debts or
  interest rates
• Increased crop prices would help farmer pay debts

17
FARMER'S COMPLAINT
18
Bi-Metallism Issue
19
Gold Triumphs Over Silver

• 1900 ? GoldStandard Act
• confirmed thenations commitment tothe gold
  standard.
• A victory for the forces ofconservatism.