Lecture 24 - Agrarian Dreams and Forest Conservation.pdf

3 Pages
Unlock Document

University of California - Berkeley

HIST120AC LECTURE October 25, 2013 From Bonanza to Bust:Agrarian Dilemmas I. The Grange A. Economic & Social Origins 1. also called the Patrons of Husbandry (1867) 2. serves economic and social functions 3. complain about middlemen and bankers and such together 4. main problem: overproduction lowering cost a) production tripled between 1860 and 1867 B. Membership & Community Functions 1. you don’t have a lot of neighbors and don’t see them often 2. meetings = social opportunity C. Railroads, Grain Elevators & Granger Laws 1. start cooperative grain elevators then realize no one has time to take care of it II. California’s Wheat Bonanza A. Staple Commodity B. Building Industrial Infrastructure C. Scale & Mechanization D. Boom Goes Bust E. Transition to Specialty Crops III. Farmer’s Alliances A. Sharecropping & the South 1. Farmer’s Alliance against the Crop Lean system: states passed laws to make sure property owners and bankers get their money first; have to pay off the creditors first! B. Wheat & the West 1. wheat bonanza in California! 2. wheat takes off in the 1870s (started in the 1860s) 3. monoculture -- intensive development (a lot of investment in machinery and such) 4. 1890: 4 million bushels of wheat/year 5. 1880s - it ends from overproduction 6. techniques and machinery were exported from California C. Building a Bigger Tent IV. Populist Visions A. Overproduction B. Inefficiencies in the Railroad Network 1. Absolute versus Relational Space 2. Long-Haul versus Short-Haul C. Depressions & Monetary Policy 1. The Crime of 1873; or, the Demonetization of Silver a) decided to use the gold standard instead (deflationary policy) b) massive silver strikes - price drops c) silver is expansionary monetary policy -- good for those in debt d) rich people want the gold standard 2. Sherman Silver Purchase Act of 1890 (Repealed 1893) 3. Panic of 1893 & Attempts to Expand Constituencies a) depression - people want silver standard back D. Cooperatives & Sub-Treasuries 1. propose the
More Less

Related notes for HISTORY 120AC

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.