The Feast

The Rise & Fall of PopulismPopulist Party PlatformFormed in 1892Lift the burden of debt from farmers (increase money supply both silver & gold coinage)Secret ballot to end voter fraudEight hour work dayRestrictions on immigrationPanic of 1893Six major railroads go bankruptPaper money is traded in for goldMoney pulled out of Wall Street to buy gold15,000 businesses & 500 banks collapseOne fifth of the workforce unemployedIssue became which metal would be the basis of the nations monetary systemGold Bugs vs. SilveritesGold Bugs (Republicans Mckinley)Silverites (Populists-William Jennings Bryan)Who They Werebankers & business menFarmers & laborersWhat They WantedGold standard & less $$ in circulationBimetallismMore money in circ.WhyLoans would be repaid in stable moneyProducts sold at higher pricesEffectsDEFLATIONPrices fallValue of $$ increasesFewer people have $$INFLATIONPrices riseValue of $$ decreasesMore people have $$End of PopulismMcKinley wins electionPopulism collapsesDowntrodden can organize a political movementPopulist reforms later passed.Wizard of OzMatch the character or symbol from the Wizard of Oz to the populist term DorothyEmerald CityTin ManWicked Witch of the EastScarecrowYellow Brick RoadTotoEveryday AmericanWashington D.C.Dehumanized workerBig Business BankersMid West FarmersGoldTeetotaler

Wizard of Oz cont.Munchkins- little peopleRuby Slippers- supposed to be silverWhite Good Witch- Voters of the MidwestWicked Witch of the West- Natural DisasterLion- William Jennings BryanWizard of Oz- Gilded Age Politicians