US History Chapter 5 Section 3
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15 terms
Terms | Definitions |
|---|---|
 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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