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Lecture 29 – Populism

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History 2301E
Aldona Sendzikas

LecturePopulism I Contextualizing the Populist Movement yArguably that the primary issue in the USA is capital and labour o Farmers understood as labourers as well y American ruling class creation of a great national market and protection of that market by means of tariff protection o People like Rockefeller and Carnegie made sure that there was littleno competition for their products oil and steel y Populist movement o Last third party movement in America o Unrealistic party absorbed by the Democratic party o Wanted an end to the gold standard and greater degree of inflation popular election of state senators progressive income tax regulatenationalize railroads and telegraphs o Opposed to monopolies and trusts o Interested in cooperative movementsII The Depression of 1890s y Most significant to affect the Americans outside the 1930s and 2008 y Long deflationary period y Difficult on farmers and debtors in general y Most distress came from funding the American Civil War debt with
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