The populists created a Farmers’ Alliance that began in Texas and it organized low cost insurance for farmers and put banks in their place with regulations. The Farmer’s Alliance also gave the government the ownership of the transportation system to regulate their costs and monopolies. When the Grangers lobbied for regulation of the
Through the period of 1865-1900, America’s agriculture underwent a series of changes .Changes that were a product of influential role that technology, government policy and economic conditions played. To extend on this idea, changes included the increase on exported goods, do the availability of products as well as the improved traveling system of rail roads. In the primate stages of these developing changes, farmers were able to benefit from the product, yet as time passed by, dissatisfaction grew within them. They no longer benefited from the changes (economy went bad), and therefore they no longer supported railroads. Moreover they were discontented with the approach that the government had taken towards the situation.
Despite the flushed predictions of prosperity that had lured new settlers to the plains, the reality was more difficult. The farmers claimed that they did not have enough land, money, and transportation (Doc C). The farmers went into in a never ending cycle if they did not have a good harvest. As Booker Washington explains the farmers had no money so they had to borrow money from the banks which charged 12 to 30 percent interest. The interest the farmers were hit with was nearly impossible to repay so they had to mortgage everything and if the mortgage wasn’t paid the land was foreclosure which led the yeomen to become tenant farmers (Doc B). With periods of drought growing good crops was hard. Leading Economic Sectors shows how the farmers predicament of not being able to make a very
The Populist Party was hardly winning any support from the eastern and northeastern part of the United States. Most of the party’s goals would negatively affect the industrial economy and quite possibly cause a backward reform into the agricultural past. Another goal of the Omaha Platform was to transfer the operation and ownership of railroads to the government for the best interest of the people. They would also want to transfer the control of all types of communication such as, telegraphs and telephones to the government as well. This would hurt all the transportation and communication businesses in the country. Big business owner such as, Andrew Carnegie would be against the Omaha Platform and as people knew, money could control the government. If he did not own his own railroad company it would hurt his business significantly; it would for him to pay for transportation causing a chain reaction and raising the price of steel in reaction causing the price of anything with steel to
Most of their success was contributed to laissez-faire’s economic system. The government played a large part in funding the accounts acting in the railroad industry. Document G exposes the bonds, grants, and money given out by the government to multiple railroad companies. This caused the citizens to have to pay a much higher tax in order for the government to contribute to railroad companies. Never the less in the 1870’s Congresses resolution was passed. This states “no subsidy in money, bonds, public lands, endorsement, or by pledges of the public credit, should be granted by Congress to associations or corporations engaged or proposed to engage in public or private enterprise” as seen in Document F. They were trying to limit certain aspects of the companies, directly contradicting the laissez-faire idea. After this resolution was passed the land was put on sale for 125-250 per acre. At this point the larger companies began to buy the land surrounding the railroads and selling it off piece by piece at much higher
This is relevant to this paper because the topic is, how does the Transcontinental Railroad affect farmers? The transcontinental railroad is just like any other railroad, therefore, it has the same effects. This website is accurate, because the same theory is shared amongst many other websites. This website is quality, providing pictures and is easy to navigate.
After the Civil War there were many factors that contributed the changes that occurred in farming in America. Among them was the drive for the South to renew and regain what had been lost due to the war. Leaders saw it as a time to diversify and turn towards industrialization. The Industrial revolution was underway and with it brought many new inventions that would lead to growth in the farming industry. The wide open space between the East and the West called “The Frontier” was open for homesteading. New immigrants with their farming knowledge and ability were flooding the East and West gates of the U.S. This was a time in American history when Americans
In the late nineteenth century shortly after the Civil War and Reconstruction, farmers in the Midwestern United States found themselves in quite a predicament. During the second industrial revolution of the United States that contained mass introduction of: railroads, oil, steel, and electricity, the risk-taking entrepreneurs of this era took an adventure into the world of cutthroat capitalism. In just a little time, a handful of monopolies arose in all these industries which hurt both the consumer of the product and the producer of the material (Doc. F). Because of the corrupt politicians in Washington DC, the absence of regulation on the monopolies put into place by bribes and greed or moderation from them, and the devious ways of the
Following the Civil War, a second industrial revolution in America brought many changes to the nation’s agriculture sector. The new technologies that were created transformed how farmers worked and the way in which the sector functioned. Agriculture expanded and became more industrial. Meanwhile government policies, or lack of them for a while, and hard economic conditions put difficult strains on farmers and their occupation. These changes in technology, economic conditions, and government policy from 1865 to 1900 transformed and improved agriculture while leaving farmers in hardship.
Due to “…falling agricultural prices and growing economic dependency” (Foner 636) in the mid-nineteenth century, farmers in the South began to face inevitable economic uncertainty. Farmers, both white and black alike, were thrown into poverty due to sharecropping and the fall of the price of cotton, and many faced the fear of losing everything they had due the inability to pay bank loans. Believing that their situation was caused by “…high freight rates…excessive interest rates for loans…and the fiscal policies of the government” (Foner 636), disgruntled farmers hoped to better their lives and conditions through the founding of the Farmers’ Alliance in the 1870s. However, by the 1890s, the Alliance transformed into what became known as the Populist Party. Keeping their roots in mind, the Populists sought to end what they considered political corruption and economic inequality that arose during the Reconstruction. In order to do so, they proposed “…the direct election of U.S. senators, government control of currency, a graduated income tax, a system of low-class public financing…the right of workers to form labor unions…[and a] public ownership of the railroads” (Foner 638). In addition to their propositions, the Populists were considered radical due to their embracement of science and technology, their belief that the
In the past farming was a way to provide food to the family, but in a growing market economy it was becoming more important in the 1860s and 1870s to have money in order to purchase food, clothing, and supplies for the family. That money could also be used to keep the farm running and producing more goods and making more money. However, farming was as competitive as ever. During the Civil War the demand for crops like cotton was high so farmers started producing even more cotton. After the war, the supply of cotton stayed the same but the demand for it lowered, dropping the prices and putting many farmers in debt. The invention of railroads connected many states together making bigger, interstate markets instead of simple local markets; making it even more difficult
Congress passed a law to stop silver, silver were becoming too expensive, gold is the standard to determine currency. Money supply shrink and money were less valuable. Even harder for American farmer to pay back debt. Farmer began to becomes more connection (nation movement), merged with each other; start to become more political. Encourage member to vote for candidate who show their interests. Farmer alliance becomes the people party in 1892. (Populist Party) Demand they made includes:
In the late 1800s the farmers believed that the railroad companies were constricting their profits away, and the government was in favor which is what gave them the reason for discontent. The farmers had plenty of reasons to be angry/upset about that situation because the government saw a need for reform which alludes the fact that their were problems: Monopoly on railroads caused a raise in cost, deflated value of crops, and farmers weren’t treated in a friendly way by big business.