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US History Chapter 5 Section 3

US History Chapter 5 Section 3
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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