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| advocated inflation through the use of paper currency |
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| self-help program of farmers designed to eliminate middlemen |
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Term
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self-help program of farmers designed to eliminate middlemen.
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Called upon federal government to institute a "Subtreasury Plan".
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farmers allowed to store non-perishable in govt. facility recieved fiat money for storage.
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tickets or cetificates given by govt and used as currency
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wanted silver coinage to help relieve debts
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abolition of national banks, federal income tax,lowering protective tariffs on manufactured goods, direct election of U.S. Senators, national recognition of railroad and telgraph industries.
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| the political philosophy of the People's party. |
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| founded 100 papers in Texas. Most important were Texas Advance and Southern Mercury out of Texas. |
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| Populism (reform speakers) |
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| alienated farmers to the new party. |
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| styled after religious revivales held to recruit and energize political converts |
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| launched in 1891. believed to be pressure group within democratic party. Political Demands: public ownership of railroads, subtreasury plan with fiat money, government regulation of business, abolition of national banking system, graduated income tax, direct election of U.S. Senators, term limitations, referendum & recall, laws to help laborers. |
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Term
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Definition
| first-convince voters of its political viability. second key to succes- skillfull handling of the race. had to draw support from all disenchanted farmers to overthrow democrats. |
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| Populist party ("fusionist" struggle) |
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Definition
| Populists understood the only way they could get free silver enforced was to join with democrats to get willam bryan elected. some texans refused just to save integrity of party. |
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| Populist party (victories) |
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| National level- James B. Weaver first presidential populist candidate. Thomas L. Nugent won 25% of vote in Texas Governor's race. 22 populist elected to Tx House of Repersenatives and 2 to Tx Senate. |
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| election of 1896 became undoing of party. after bryan defeat many populist members returned to democratic party. |
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| Democratic party (integration of populism) |
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| Democrats nominated William Jennings Bryan for pres. platform embracing free silver (major populist demand). |
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| Populism (lasting impact) |
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| forced democrats across tex to become more liberal. |
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