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US History Chapter 5 Section 3

Oliver Hudson Kelley

Farmer who founded the Grange

Grange

an association formed by farmers in the last 1800s to make life better for farmers by sharing information about crops, prices, and supplies

regulate

to control or direct according to a rule or law

foreclosure

when a bank takes back a property and auctions it off to recover the unpaid loan amount

Farmer's Alliance

A Farmers' organization founded in late 1870s; worked for lower railroad freight rates, lower interest rates, and a change in the governments tight money policy

greenbacks

Name for Union paper money not backed by gold or silver. Value would fluctuate depending on status of the war (plural)

Populism

the political doctrine that supports the rights and powers of the common people in their struggle with the privileged elite

platform

a document stating the aims and principles of a political party

graduated income tax

tax on earnings that charges different rates for different income levels

bimetallism

a monetary system in which the government would give citizens either gold or silver in exchange for paper currency or checks

gold standard

a monetary system in which paper money and coins are equal to the value of a certain amount of gold

William McKinley

Republican president, 1897-1901, who supported the gold standard.

William Jennings Bryan

This Democratic candidate ran for president most famously in 1896 (and again in 1900). His goal of "free silver" (unlimited coinage of silver) won him the support of the Populist Party.

Cross of Gold

William Jennings Bryan's famous speech that criticized the monetary policy of the government for being too hard on the farmer; wanted US to back money with silver, not gold

downtrodden

badly and unfairly treated; oppressed

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