Name_____________________________________________

 Date___________________  Per______  
GOLD  BUGS  &  SILVERITES  
GOLD  BUGS   SILVERITES  
WHO  THEY  WERE   Industrialist:  Bankers  &   Farmers  &  laborers  
businessmen  
WHAT  THEY   Gold  standard   Bimetallism  (gold  &  silver  
What  is  Populism?   WANTED   Less  $  in  circulaHon   backed  currency)  
More  money  in  circulaHon  
WHY   Loans  would  be  repaid  in   Products  would  be  sold  in  
stable  money   higher  prices  
What  Problems  were   EFFECTS   DEFLATION   INFLATION  
farmers  facing?   Prices  fall   Prices  rise  
Value  of  money  increases   Value  of  money  decreases  
Fewer  people  have  money   More  people  have  money  
 
What  group   Why  were                                    
supported   Why  did  Farmers  want   Industrialist  opposed  to                    
bimetallism?                       currency  backed  by   the  silver  standard?  
What  were  their   silver  &  gold?  
demands?  

INTERSTATE  COMMERCE  COMMISSION     SHERMAN  ANTI-­‐TRUST  ACT  

Define:     Define:    
   

Who  was  William  Jennings  Bryan  in  connecHon  to  the  

Populist  Party?  
LEGACY  OF  
16TH  AMENDMENT   POPULISM   17TH  AMENDMENT  
Mrs.  Sandoval-­‐  ERHS  

Define:     Define:    

   
 Answer  Key  
Name_____________________________________________  Date___________________  Per______  
GOLD  BUGS  &  SILVERITES  
GOLD  BUGS   SILVERITES  
WHO  THEY  WERE   Industrialist:  Bankers  &   Farmers  &  laborers  
businessmen  
WHAT  THEY   Gold  standard   Bimetallism  (gold  &  silver  
What  is  Populism?   WANTED   Less  $  in  circulaHon   backed  currency)  
Populism (also known as the Populist Party) was a movement by farmers to More  money  in  circulaHon  
increase their political power. Prior to the Populist movement farmers has little to
WHY   Loans  would  be  repaid  in   Products  would  be  sold  in  
no voice in politics.
stable  money   higher  prices  
What  Problems  were   EFFECTS   DEFLATION   INFLATION  
farmers  facing?   Prices  fall   Prices  rise  
1.Overproduction: Mechanized farming increased Value  of  money  increases   Value  of  money  decreases  
production of food which resulted in a surplus of crops.
Fewer  people  have  money   More  people  have  money  
2. The price: Due to the overproduction farmers had to
sell their crops for low prices  
3. Railroads: the railroads were taking advantage of What  group   Why  were                                    
farmers supported   Why  did  Farmers  want   Industrialist  opposed  to                    
4. Bank money : Farmers often mortgaged their farms bimetallism?                       currency  backed  by   the  silver  standard?  
so that they could buy more land and produce more What  were  their   silver  &  gold?  
demands?   Populists It  would  cause  
crops. Good farming land was becoming scarce,
(Farmers & Laborers) Products  would  be   inflaHon  and  the  
though, and banks were foreclosing on the mortgages 1.Regulate the Railroads: Regulation of the sold  in  higher  prices  &  
of increasing numbers of farmers who couldn’t make Railroads This was the Populists’ biggest prices  of  products  to  
demand so railroad it  would  be  easier  to   increase  
payments on their loans obtain  a  loan  
couldn't’t take advantage of farmers
2. Income Tax: An income tax Farmers said:
“Don’t tax land. Tax income!”
3. More money in circulation: One of the main
things farmers needed was cash, so one of their
main goals
was making the dollar worth less so that there
would be more cash in the system and it would
INTERSTATE  COMMERCE  COMMISSION     SHERMAN  ANTI-­‐TRUST  ACT  
be easier to acquire land pay their loans.
Define:     Define:    
   
regulated railroad rates prohibited the growth of monopolies  
Who  was  William  Jennings  Bryan  in  connecHon  to  the  
Populist  Party?  
• William Jennings Bryan ran for president in
LEGACY  OF  
1896 as a Democrat. He opposed the gold 16TH  AMENDMENT   POPULISM   17TH  AMENDMENT  
Mrs.  Sandoval-­‐  ERHS  

standard and was supported by Populists. Define:     Define:    

• Bryan lost the election in 1896
and also in 1900 and 1908. The taxed off of Income (not off land) Direct election of U.S. Senators (which
Populist Party lost its strength and     corruption)
was intended to lessen
soon disappeared.