The Grange and Populist Movement
The Grange latter part of the 19th century Granger Movement, agrarian movement in the United States, initiated shortly after the American Civil War with the aim of improving the social, economic, and political status of farmers.
Why? 1. unrest among farmers
Causes?
1. declining prices of farm products
2. the growing indebtedness of farmers to merchants and banks
3. discriminatory freight rates imposed
on farmers by the railroads
co-ops farmers fight back by organizing co-ops
1. a business operated for the benefit of its
members.
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Oliver Hudson Kelley, principal founder and first Secretary of the National Grange
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Supply and Demand Model
greenbacks paper money not backed up by gold or silver
What would be the result of withdrawing
the greenbacks? p 410
Free Silver Movement these people wanted the
government to use silver in coins
so the price of silver goes up.
Why did farmers support free coinage of silver?
Populist party platform
List the 8 points on the Populist platform. p411
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Black Friday stock market crash Sept 24 1869 |
Black Friday, name applied to a short-lived financial crisis in the United States that occurred on Friday, September 24, 1869. The panic was precipitated when two financial speculators, James Fisk and Jay Gould, attempted to corner the U.S. gold market. On September 20 they began purchasing gold in New York City; by September 24 they controlled enough of the available supply in the city to bid up the price from about 140 to 163½. This rapid increase in the price of gold threw the stock exchange into confusion, and the prices of commodities fluctuated wildly. The inflationary run on gold was halted toward the close of the business day when U.S. Secretary of the Treasury George Sewall Boutwell announced that the federal government had made $4 million of its gold reserves available for trading. Fisk and Gould probably made a profit of about $11 million by their manipulations, but many business people claimed to have been ruined by the panic.
In what ways does Black Friday reflect the Gilded Age? |
Photo Credits:
Black Friday :
www.shearman.com/ enterprise/gold_full.gif
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Lesson Objectives
Students will learn
OBJECTIVES: Students will be able to:
1. list
2. explain the difference between
3. describe the
4. chart on a map the
5. define the terms
6. Explain the significance of
Knowledge: Recall of data.
Comprehension: Understand the meaning, translation, interpolation, and interpretation of instructions and problems. State a problem in one's own words.
Application:
Use a concept in a new situation or unprompted use of an abstraction. Applies what was learned in the classroom into novel situations in the workplace.
Analysis:
Separates material or concepts into component parts so that its organizational structure may be understood. Distinguishes between facts and inferences.
Synthesis:
Builds a structure or pattern from diverse elements. Put parts together to form a whole, with emphasis on creating a new meaning or structure.
Evaluation:
Make judgments about the value of ideas or materials.
| Remember : Recognizing, Recalling |
| Understand : Interpreting, exemplifying, classifying, summarizing, inferring, comparing, explaining |
| Apply : Executing, implementing |
| Analyze : Differentiating, organizing, attributing |
| Evaluate : checking, critiquing |
| Create: generating, planning, producing |
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