Why did the depression of 1893 occur? Source: Romer‚ 1984 The depression‚ which was signalled by a financial panic in 1893‚ has been blamed on the deflation dating back to the Civil War‚ the gold standard and monetary policy‚ under consumption (the economy was producing goods and services at a higher rate than society was consuming and the resulting inventory accumulation led firms to reduce employment and cut back production)‚ a general economic unsoundness (a reference less to tangible economic
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In the late nineteenth century‚ around 1880-1900‚ many farmers were experiencing problems and threats to their way of life. The valid complaints of the farmers dealt with the money supply system in America and the large railroad companies. In 1892‚ the platform for the Populist Party was laid down. In this platform it is stated that “the national power to create money is appropriated to enrich bondholders ... thereby adding millions to the burdens of the people.” This is discussing the demonetization
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Populism and Progressivism I. The Populist Party A. Background: What changes were taking place in agriculture in the U.S. between 1870 and 1900? 1. Mechanization- machine were replacing people and animals of doing agricultural. Tractors being developed produced right after civil war. Problems: need money to own tractors‚ banks load money to farmer‚ interest. Upkeep and maintain it to keep tractors running. Money to paid mechanic Added to the financial risk of farming‚ already
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in 1850‚ it also rekindled the idea of the American Dream. Hundred’s of thousands of people poured into the state by the lure of quick and infinite riches. As a result of the Gold Rush‚ California eventually became an advanced technologic‚ and agrarian state‚ which would help pave the roads to urban development and a very capitalistic economy. The California Gold Rush jump-started the development of California as a state‚ and ignited the belief of the American Dream once again. In a year’s time
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AP Questions‚ 1980-2007 1 List of AP and AP-related questions from the past twenty-seven years. [Compiled by Steve Armstrong] (Updated‚ May 14‚ 2007) Questions labeled “AP” are Copyright © 1980-2005 College Entrance Examination Board and Educational Testing Service. All rights reserved. 1607-1763 AP 2007 Alternate The Colonial Period The French and Indian War (1754-1763) altered the relationship between Britain and its North American colonies. Assess this change with regard to TWO of the following
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Gilded Age * During the Gilded Age‚ American businesses were transformed: * Massive corporations replaced small‚ family businesses * New technology‚ transportation‚ marketing‚ labor relations‚ & efficient mass-production * By 1900‚ the U.S. was the most industrialized country in the world * 19th-century inventors led to an “Age of Invention”: * Cyrus Field’s telegraph cable * Business typewriters‚ cash registers‚ adding machines * High-speed textile
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corruption. Despite their similarity at the national level‚ the two parties competed fiercely for offices and spoils‚ while doling out “pork-barrel” benefits to veterans and other special interest groups. Theme: The serious issues of monetary and agrarian reform‚ labor‚ race‚ and economic fairness were largely swept under the rug by the political system‚ until revolting farmers and a major economic depression beginning in 1893 created a growing sense of crisis and demands for radical change. Theme:
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The Pilgrimage of Grace is regarded as the most serious rebellion in Tudor dynasty. It is a rising against reforms of Henrician government took place in Yorkshire on October 1536. The rebels were discontent about the government’s new policies accompanied by Reformation. In this popular rising they expressed their grievances in December Petition (Bush‚ 1996). Its participants did not constrained to commons; evidence showed that gentlemen and clergy also protested against the government since their
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An Analysis of the Populist Party’s Premature Fall into Obscurity Question: After its startling successes of the late 1880’s and early 1890’s‚ why did the Populist Party quickly fade into oblivion after 1896? Key Words: Analyze - examine the motives; answer the question Time Period: 1880’s-1900 Geography: United States of America‚ specifically the Midwest Type of History: Political‚ Economical Thesis: While a number of factors contributed to the demise of the Populist Party‚ the failed election
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common person in opposition to established interests. Initially‚ the Populist government failed to achieve its goals of better government‚ however in the coming years‚ some of their ideas were to be developed. The Populist Party grew out of the agrarian revolt that rose after the collapse of agriculture prices following the Panic of 1873. The Farmers’ Alliance‚ formed in Lampasas‚ Texas in 1876‚ promoted collective economic action by farmers and achieved widespread popularity in the South and Great
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