Question | Answer |
question1 What economic problems did many farmers face during the late 1800s? | answer Many farmers faced increasing debt, scarce land, foreclosures, and excessive shipping charges from railroads.
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Question2 Why did farmers in late 1800s favor"cheap money"? | answer2 Farmers favored cheap money to pay off their debts.
| Question3 How did farmers in late 1800s try to address their problems and grievances? | answer3 Farmers united in unions like the Grange and Farmer's Alliance.
| Question4 What reforms did the Populist Party promote? | answer4 Populists wanted the dollar backed in silver, an 8 hour workday, graduated income tax, federal loan program, direct election of senators, single term limit on President, and secret ballot to end fraud.
| Question5 What were the causes and consequences of the Panic of 1893? | answer5 By 1893 farmers were overextended with debts and loans. Many went into foreclosure and banks failed when stocks fell rapidly. The economy fell into a depression and many farm families suffered unemployment which forced them from their farms and into the already crowded cities.
| Question6 Why did the populist movement collapse? | answer6 Ultimately the Populist movement collapsed with the defeat of Bryans for president. Many of understood the power of organizing and having an agenda of reforms. their ideas would be picked up by the Progressives in 20th century. |