536-544 - analyze several political cartoons related to the populist or people’s party. - explain...
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•536-544
- Analyze several political cartoons related to
the Populist or People’s Party.
- Explain the “Crisis” of the 1890s.
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Inflation – period when prices rise faster
than the value of money/wages.
• Deflation – prices decrease and the value of money increases.
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Inflation vs. DeflationInflation Deflatio
n
M = Amount of
money in circulation
V = Value of money
(purchasing power)
P = Prices of goods
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Interpreting Political Cartoons:
Interpret the meaning of the cartoon.
Label and explain how the cartoonist has used symbolism in the cartoon.
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The Crisis of the 1890s
• Severe economic depression caused widespread discontent among farmers and workers.• Causes:
• Crop prices fell due to international overproduction.• Bad weather.• Debt overwhelmed many farmers.
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Price Indexes for Consumer & Farm Products: 1865-1913
Price Indexes for Consumer & Farm Products: 1865-1913
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The Crisis of the 1890s
• Response:• The Farmers Alliance was formed and proposed the
following solutions”• Cooperatives• Easy Credit – Banking Reforms• Subtreasury Plan• Free Silver (inflation)• Government Control of Railroads
Congress REJECTED most of their ideas!
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United We
Stand, Divided We Fall
United We
Stand, Divided We FallIn 1889 both
the Northern andSouthern Alliancesmerged into one—the Farmers’ Alliance.
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The Crisis of the 1890s
• Response:• Third Parties grew such as the Populist (or Peoples’ Party)
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“Sockless Jerry” Simpson Annie Diggs Mary E. Lease
Leaders of the People’s Party
(Populist Party)
James WeaverWilliam Jennings
Bryan
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The Crisis of the 1890s
• Response:• Third Parties grew such as the Populist (or Peoples’ Party)• In 1892, the Populist Party organized on a national level in
Omaha, NE and ran James Weaver for president, adopted the “Omaha Platform”:
• Gov’t. ownership of railroads and utilities• National Currency• Free Silver• Subtreasury Plan• Graduated Income Tax• Redistribute Railroad lands• Direct Election of Senators• Secret Ballot
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This hostile cartoon depicts the People’s Party as an odd assortment of radical dissidents committed to a “Platform of Lunacy.”
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Coxey’s Army, 1894
Coxey’s Army, 1894
Jacob Coxey & his “Army” marching
to Washington with their “Petition with Boots”
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The Crisis of the 1890s
• The Election of 1896• Populists ran William
Jennings Bryan.• Supported Free Silver.
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Bryan’s “Cross of Gold” Speech
Bryan’s “Cross of Gold” SpeechYou shall not
press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold!
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The Crisis of the 1890s
• The Election of 1896• Populists ran William
Jennings Bryan.• Supported Free Silver.
• Democrats ALSO ran Bryan for president.
• Republicans ran William McKinley for president.
• Backed by wealthy Ohio businessman Marcus Hanna.
• Supported tariffs and Gold Standard.
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1896 Election Results
1896 Election Results