Thanks the economic crisis of 1893 hit the United States, the working people went in to a stage of shock due to the rise in population but little increase in the dollars in circulation (Doc C.). The normal and poverty class wanted an inflation to take place so the dollar was readily accessible to all citizens. Although this would devalue the dollar, this would assist the farmers because they constantly had to take out loans from big banks controlled by monopolies like J.P. Morgan and John Thompson. The allowance of the farmers more dollars means that they would not have to take out as many loans for new technology, equipment, and seeds to grow their crops. Because there was no inflation, the farmer was chained to the banker and the banker to the government just like 30 years ago and the quote that “the slave was chained to the gin and the planter to the slave”. This was vividly pictured thanks to the design presented in (Doc. D). When the farmers took out all the loans they needed to the first time around, the prices of their wheat
Thanks the economic crisis of 1893 hit the United States, the working people went in to a stage of shock due to the rise in population but little increase in the dollars in circulation (Doc C.). The normal and poverty class wanted an inflation to take place so the dollar was readily accessible to all citizens. Although this would devalue the dollar, this would assist the farmers because they constantly had to take out loans from big banks controlled by monopolies like J.P. Morgan and John Thompson. The allowance of the farmers more dollars means that they would not have to take out as many loans for new technology, equipment, and seeds to grow their crops. Because there was no inflation, the farmer was chained to the banker and the banker to the government just like 30 years ago and the quote that “the slave was chained to the gin and the planter to the slave”. This was vividly pictured thanks to the design presented in (Doc. D). When the farmers took out all the loans they needed to the first time around, the prices of their wheat