Populism and the Wizard of Oz

Populism had incredible appeal in the southern states where poverty and aversion seemed the greatest. The people felt trapped between the republican bankers of the north-central and the new1y freed slaves, against whom they had to compete in the open labor market. Populist politicians open that they could do relatively littler to control the bankers and the wealthy privileged, scarce in the newly freed slaves they found a scapegoat for all(a) their problems and complaints. They also promoted a totally new system of racial segregation. Even though they lost all national elections, the Populists managed to pull through control of all of the southern states and several western ones.

Populist programs had a tremendous impact on the lives of African-Americans, but they had comparatively little on the bankers or on the monetary system of the country, which became plain more gold-oriented. During most the remainder of the nineteenth century, different semipolitical factions fought over whether the United States should have only the gold stock or both the gold and the fluid standard. Populist senator William Jennings Bryan from the kick upstairs state of Nebraska campaigned tirelessly for the use of both silver and gold as a monetary standard.



In his renowned acceptance speech after receiving the presidential nomination at the 1896 Democratic convention, Bryan aimed carefully at the bankers, financiers, Republicans, and all the greedy. Despite the deafening applause of the Democrats, he suffered a crucial defeat by the Republican nominee, William McKinley, in 1896 and again in 1900.

In 1878, the U.S. Congress passes the Bland- Allison doing to provide for freer coinage of silver. The act as adopted needful the U.S. Treasury to purchase between $2 million and $4 million worth of silver bullion each calendar month at market prices; this was to be coined into silver dollars, which were made...

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