Farming and the Market - WordPress at LPS | Sites for LPS...
Transcript of Farming and the Market - WordPress at LPS | Sites for LPS...
![Page 1: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/1.jpg)
![Page 2: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/2.jpg)
Initial Capital = $1000
Cost of Farm = $3100 (requires $1000 down)
Cost of Threshing Machine = $500
Cost of Plow = $500
Cost of Sickle Cutter = $500
• All loans financed on a 10-year note.
Farming and the Market
Annual Expense:
$210/year
$50/year
$50/year
$50/year
![Page 3: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/3.jpg)
Farming and the Market
Year 1: Stable market prices =
Year 2: Stable market prices =
Year 3: Deflationary market prices (5%) =
Year 4: Deflationary market prices (5%) =
Year 5: Deflationary market prices (5%) =
Year 6: Deflationary market prices (5%) =
Year 7: Deflationary market prices (5%) =
$400 income
$400 income
$380 income
$360 income
$340 income
$320 income
$300 income
How do you make your income? What if things change?
• Deflationary conditions generally hurt those who sell their products on the open market (like farmers).
Annual Expenses:
Mortgage = $210 Plow = $50 Thresher = $50 Cutter = $50
![Page 4: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/4.jpg)
The Wonderful Wizard of Oz
Published in 1900 by L. Frank Baum
![Page 5: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/5.jpg)
The Wonderful Wizard of Oz—Just a children’s story?
• Populists opposed the wealthy interests who lived where?
• They opposed the wealthy interests in the East, who the Populists felt unfairly controlled the people.
• What did the Populists think of these wealthy and powerful Eastern interests?
• They thought that they were of the worst sort of folks
• If they could, the Populists might have even dropped a house on those folks from the East. . .
![Page 6: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/6.jpg)
Inhabitants of Oz • Who was always falling down, trying to find a brain, and trying to get organized?
• The Populists sprang from Farmer’s Alliances—folks who knew a thing or two about straw
• Who was a heartless automaton, stiff and frozen? • Populists sought support from industrial workers, who they saw as being taken advantage of by Eastern industrialists. They thought that industrial workers had just become “part of the machine.”
![Page 7: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/7.jpg)
The Land of Oz • In the story, from where did the good forces come?
– Populists were especially strong in the North and the South, where all good folks live (see page 281 in your text)
• What is the dangerous trail that Dorothy and pals had to follow? – Populists opposed the “gold standard”—they saw it putting the country
on a road fraught with disaster
![Page 8: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/8.jpg)
The Land of Oz
• Who does Dorothy seek out for help? – Does he help? – The Populists thought that the person in charge ought to be
able to help out. But ultimately, he didn’t…
President Grover Cleveland
![Page 9: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/9.jpg)
The Land of Oz
• If the leader couldn’t help, then someone else had to be the roaring voice of the people. . .
William Jennings Bryan
![Page 10: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/10.jpg)
The Land of Oz (oz.?) • By the end of the story, is Dorothy rescued by following the
Yellow Brick Road? • How is she finally saved from this Land of Oz (or oz.)?
SILVER Slippers!!! (in the book)
![Page 11: Farming and the Market - WordPress at LPS | Sites for LPS ...wp.lps.org/tlarson/files/2013/08/Wizard-of-Oz.pdfThe Wonderful Wizard of Oz—Just a children’s story? •Populists opposed](https://reader034.fdocuments.us/reader034/viewer/2022042801/5ab4af6c7f8b9a7c5b8c1433/html5/thumbnails/11.jpg)