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In the late nineteenth century, twenty years after the Homestead Act, farmers used their land in the western plains to produce both crops and profits. The farmers of this time struggled in the agricultural way of life by facing economic and political obstacles that were impossible to avoid, requiring them to do something about their complaints. Although the farmers had plausible arguments for most of their criticisms, their beliefs of the silver standard and overproduction sometimes could not be backed up. However, farmers continued to struggle between inevitable issues like the currency debate, constant debt and rising costs.…
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Bankers- High interest rates caused the farmers to pay even more when they didn't have the money to pay.…
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Farmers produced to much food therefore they had to lower their prices. Consequently famers had even less money however they thought by growing more food they would gain more money however this did not work and it forced the farmers into lowering…
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Directions: The following question is based on the accompanying documents. You will have 60 minutes to read and analyze the documents and answer the question.…
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By the 1850’s the Constitution, originally framed as an instrument of national unity, had become a source of sectional discord and tension and ultimately contributed to the failure of the union it has created. This was shown by interpretations of the constitution and other documents when the constitution was assorted together.…
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The American family farmer felt the pressure from large corporations seizing their lands for pennies on the dollar while banks breathed down their necks waiting to foreclose on their properties; a David versus Goliath epic battle where…
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Before the 1890s the Industrial Revolution caused a huge boom that left the agriculture industry in the dust. With the expansion of railroads linking the Atlantic and Pacific oceans as well as to all points across America, the rise of the Industrial Empire, and the continuing debate about using silver as the national coinage standard of America. The depression of the 1890s was partly caused by the flooding of silver. Over supply and lesser demand also resulted in a drop of prices, job cuts and bankruptcy. Economic depression dominated the 1890s and helped to reshape the political alignments and attitudes of the era. Due to the devastating economic depression, thousands of people had no money and very little hope, which caused for widespread mistrust of elected leaders.…
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The 1920’s was practically the spending period for America, we had just gotten out of a war and the citizens thought they could buy all these luxuries (refrigerators or radios for example) and say they’ll pay the bank back, but never really did. According to PBS.org; on October 24, 1929 the stock market had crashed, leaving all the rich people broke and the poor people dead broke. When March of 1930 came around already more than 3.2 million people were unemployed. While business owners were hit hard, farmers were probably hit the hardest during the depression because they were the ones growing and selling the food for Americans, so when the bank closed down the farmers couldn’t get loans to purchase more crops or land to harvest the crops.…
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Farmers faced many issues in the 1800’s. First off, debt was a huge issue for farmers. Falling crop prices, unpaid loans, and crashing banks all led to the huge debt of farmers. Because the crop prices were falling in the horrible economy loans could not be paid back, unemployment soared, and businesses went under. There was also the tariff issue. Tariffs on imported goods were discouraging people to buy these products. They raised the prices of manufactured goods, and tariffs were also placed on U.S. goods in other countries, which led to a reduced world market for American crops. Thirdly the money supply was a huge issue. The money supply is the amount of money in the economy. If the money supply is increased, inflation occurs, and the value of every dollar drops. With inflation, farmers are helped because the crop prices are raised. But, if the money supply is decreases, and deflation occurs, the prices of crops are lowered and farmers’ profits are affected. Farmers also called for free silver, rather than a bimetallic standard. They said that ending silver would lower farm prices. The Bland-Allison Act was a help for farmers, calling for the government to coin more silver, increase the money supply, and cause inflation. Lastly, natural disasters played a big role for farmers. Natural disasters such as blizzards and droughts led to destroyed crops and a drop in the profit of farmers.…
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When farmers began to produce more goods, they were hopeful that their economic conditions would improve; however, due to overproduction, they did just the opposite. Unfortunately, farmers did not necessarily understand the concept of supply and demand. Due to an over abundance of crops being produced, the price of the crops decreased (Document A). Farmers may have been…
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The government had created strict financial guidelines when it came to determining the amount of money which was going to be allowed in circulation throughout the country. This hurt farmer’s in the worst way. In order to make a profit farmer’s often times had to take out loans for equipment and seed with very little money in circulation the interest rate on these loans.1 With the smaller banks having no central control there was even more havoc as banks continued to jack up their interest rates on money loans. There was no central bank and the scattered banks that were there did not have any competition to deal with. This was a driving factor in the rise of Populist Party as Farmer’s wanted someone who if they achieved success in government would increase the pool of money in circulation.…
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Theme: The serious issues of monetary and agrarian reform, labor, race, and economic fairness were largely swept under the rug by the political system, until revolting farmers and a major economic depression beginning in 1893 created a growing sense of crisis and demands for radical change.…
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The troubles of a farmer were part of a larger economic problem that was affecting…
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A farmer 's lot is never easy and especially during the Great Depression. Farmers worked hard to produce record crops and livestock. When prices fell they tried to produce even more to pay their debts, taxes and living expenses. They were forced by the industrial companies to do what they want. People who grew up during the Depression had no money for their living and they were all in the same boat. When the dryness, heat, and grasshoppers destroyed the crops, farmers were left with no money to buy groceries or make farm payments. Some people lost hope and moved away. Many young men took government jobs building roads and bridges.…
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Added to the man-made financial problems were natural ones. A series of droughts in southern mid-western states like Kansas, Oklahoma and Texas led to failed harvests and dried-up land. Farmers were forced to move off their land: they couldn't repay the bank-loans which had helped buy the farms and had to sell what they owned to pay their debts.…
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