Populismandthe Electionof1896
The Silver Issue Crime of 73 demonetization of silver (govt. stopped coining silver). Bland-Allison Act (1878) limited silver coinage to $2-$4 mil.
Populism and the Election of 1896
Populism & the Election of 1896 Populism & the Election of 1896.
The Debate over Money Farmers were concerned about tariffs Tariffs reduce foreign competition Foreign countries counter with their own tariffs
Debate over the Money Supply Expand greenback (soft money) –Expectant capitalists, debtors, farmer –Why? Borrow $$ at lower interest rates Pay off.
The Silver Issue “Crime of ’73” demonetization of silver (govt. stopped coining silver). Bland-Allison Act (1878) limited silver coinage to.
Problems for Small Farmers 1.Can’t compete with corporate farms 2.Reliance on cash crops 3.Falling prices & overproduction 4.Rising costs: expensive.
