APUSH: America's Gilded Age (1870-1900)

Terms in this set (38)

The Populists, or People's Party organized during the 1890s to secure political and economic reforms benefitting farmers and, to a lesser extent, industrial workers. The party ran its first presidential candidate in 1892 and adopted a platform calling for increased government regulation of the railroads, the substitution of income taxes for property taxes, the creation of government storage and credit facilities, labeled regional subtreasuries, that would loan farmers money while they waited for crop prices to rise.
=Price of cotton plummeted after the Civil War (from 11 cents in 1881-4.6 cents in 1894)=American cotton production languished, rapid expansion of cotton in Egypt, India, and Brazil
=Farmers, unable to pay mortgages on property, believed that their plight came out of the high freight rates, excessive interest rates for loans from merchants and bankers, and the fiscal policies of the federal gov't
=Farmer's alliance=largest labor movement in the 19th century; farmers sought to regain independence and stabilize their declining condition (founded in Texas in the 1870s)
=Alliance initially remained aloof from politics=attempted to improve rural conditions by the cooperative financing and marketing of crops
=Evolved into the People's Party early in the 1890s = spoke for all "producing classes"
-major base lay in the cotton and wheat belts of the South and West
="Cyclone Davis" and education campaign
=Last great political expression of the 19th cent vision of America as a commonwealth of small producers