Farmers, Failure and Free Silver
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Transcript of Farmers, Failure and Free Silver
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Farmers, Failure
and Free Silver
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A. Farmers Move West• Cheap Land and the Homestead Act• Railroads Link East and West
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B. Farmers Face Falling Prices
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• Farmers Borrow to Buy New Technology: Tractors and Combines
• Technology More Production (Wheat, Cotton, Corn)
• More Production Falling Prices• Falling Prices Farmers Try to Produce Even
More More Falling Prices
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C. Farmers Face Rising Costs, Unpredictable Harvests, and Foreclosure
• Railroads Raise Prices
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• Unpredictable Harvests: Bugs and Bad Weather
•Failure and Foreclosure: Banks Repossess Farms
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II. Early Solutions Fail
• Work Together: Form Cooperatives to Store and Sell Crops
• Lobby for Laws: Regulate Railroads & Storage Facilities
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III. The 1890s Solution: Free Silver, Populists, and the 1896 Election
A. Farmers, Fixed Debts, and Inflation
B. Free Silver for Inflation
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C. William Jennings Bryan’s “Cross of Gold” Speech
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D. The McKinley Victory and the Failure of the Populists
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