PopulismPopulism

PopulismPopulism

►Movement of the Movement of the FarmersFarmers or or PeoplePeople

The GrangeThe Grange

►An organization by Oliver Hudson KellyAn organization by Oliver Hudson Kelly►Provided a Provided a Social OutletSocial Outlet for farmers for farmers

and their and their familiesfamilies►Farmers had to organize and become Farmers had to organize and become

politically involvedpolitically involved

Farmers AllianceFarmers Alliance

►Stemmed from Stemmed from The GrangesThe Granges educated educated farmersfarmers

►Had ideas regarding-Had ideas regarding-BanksBanks, Loans, and , Loans, and Interest RatesInterest Rates

Populist PartyPopulist Party► Political party for the peoplePolitical party for the people►Not republican, not democrat then it is Not republican, not democrat then it is

known as a known as a 33rdrd Party Party►Had Had ideas ideas that were important to the that were important to the

common common peoplepeople Such as Such as 8 8 hour work dayhour work day FederalFederal Loan programs Loan programs

► Becomes the platform for the Democratic Becomes the platform for the Democratic Party, believed govt. should be responsible Party, believed govt. should be responsible for social reformfor social reform

Bi MetallismBi Metallism

►Silver and Gold would be Silver and Gold would be exchangedexchanged for paper moneyfor paper money

►Farmers Farmers were were “Silverites”“Silverites” wanted bi- wanted bi-metallism and wanted to add metallism and wanted to add SilverSilver coinage to the gold circulation of coinage to the gold circulation of moneymoney

►Silver “Ag” and Gold “Au”=Silver “Ag” and Gold “Au”=moremore money in circulation money in circulation (Less Value)(Less Value)

Bi MetallismBi Metallism

► The businesses (banks) were The businesses (banks) were “Gold Bugs”“Gold Bugs” Gold Gold Standard and only wanted gold to be Standard and only wanted gold to be exchanged for exchanged for paper money. paper money.

►Gold=Gold=Less Less money in circulation money in circulation (more value)(more value)► Loans would be repaid in Loans would be repaid in StableStable DollarsDollars/money/money

► Inflation: Inflation: Price increases, Value decreasesPrice increases, Value decreases (Bad) (Bad)

►Deflation: Deflation: Price decreases, Value increasesPrice decreases, Value increases (Good)(Good)