Problems Faced By American Farmers In The Late 1800s
After the Civil War ended the economy was indubitably unstable, American farmers encountered a sequence of problems from transportation to a complex worldwide market, for instance, some of these complaints were: unfair railroad fees and tariffs policies. These dilemmas led farmers to a horrible economic situation in which some homesteaders even lost their homes and farms. Consequently these farmers displayed a series of complaints in which they specified all the problems they were facing due to those complications. These complaints were mainly focused in the economic perspective and its decline in general, such as low agricultural prices, the gold standard and differential freight rates. Farmers also protested savagely over the favoritism
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During that time the development of technology was fast growing but unfortunately this event did not help farmers at all, instead, it damaged them big time since they now could create agricultural products far too much. Farmers kept on producing numerous amounts but did not win as much, if anything, less. In addition there was a gigantic issue that affected not only farmers but “common people” and that was the gold standard. Farmers were against the gold standard because it meant the prices were going to have a reduction, even more than before. The gold standard supplemented a higher value of the national money therefore making it harder for them to pay loans and debts. Bimetallism became a major issue politically and economically. Industrialist and bankers opposed because inflation for them was not good either. One representative was William Jennings Bryan, author of one of the most influential speeches of all time, “The Cross of Gold”. This disquisition was mainly about how the usage of “common people” in order to save the business and the country’s economy was amiss and the importance of
During that time the development of technology was fast growing but unfortunately this event did not help farmers at all, instead, it damaged them big time since they now could create agricultural products far too much. Farmers kept on producing numerous amounts but did not win as much, if anything, less. In addition there was a gigantic issue that affected not only farmers but “common people” and that was the gold standard. Farmers were against the gold standard because it meant the prices were going to have a reduction, even more than before. The gold standard supplemented a higher value of the national money therefore making it harder for them to pay loans and debts. Bimetallism became a major issue politically and economically. Industrialist and bankers opposed because inflation for them was not good either. One representative was William Jennings Bryan, author of one of the most influential speeches of all time, “The Cross of Gold”. This disquisition was mainly about how the usage of “common people” in order to save the business and the country’s economy was amiss and the importance of