HIST 2112 Lecture Notes - Lecture 1: Xenophobia, White Supremacy, Hard Currency
Document Summary
Chapter 21 agrarian protest and populism (1870s 1896) Increases commodity yield which means: crop surplus which means, overproduction and, decreased prices. High tariffs (from a farmers" perspective, they want to buy the cheapest items/products so they try not to buy imports they want products made in america) Hard currency = limited money supply (pg. No political voice (as an individual farmer) Or farmers" alliances (led to the formation of the peoples" party in 1891 1892. ) Grass roots organization ( starts from people at the bottom people and works its way up. Coordinate resources for leverage (people join together to send a product more acceptable from the railroad) Continues to grow in the west and south. Becomes a political force known as populism (a. k. a. the populist party party started by the people trump and bernie sanders) Expanding money supply (small farmers can borrow more money with less interest rates) Republicans and democrats: new party means loss of power.
