Warm Up 1) Finish reading the document on the Rise and Fall of the Populist Movement A. Highlight all the events that led to the creation of the Populist Party (WHY) B. Underline all the people or groups of people who are associated with the founding of the Populist Party (WHO) C. Box in all effects of the Populist party on the USA (WHAT)
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Unit 1 Lesson 3 The Foundation of the Populist Movement
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Warm Up
1) Finish reading the document on the Rise and Fall of the Populist Movement
A. Highlight all the events that led to the creation of the Populist Party (WHY)
B. Underline all the people or groups of people who are associated with the founding of the Populist Party (WHO)
C. Box in all effects of the Populist party on the USA (WHAT)
THE POPULIST MOVEMENT
American Farmers
I. American farmers faced many problems in the late 1800’s
II. Farmers were trapped in a terrible economic cycle that led many to go deep into debt, declare bankruptcy and lose their farms & homes
III. Because they faced similar problems many farmers banded together to solve them together
Take out loans for
equipment & supplies
Crop prices fall due to over production
Farmers mortgage their land and take
out loans to buy more land to grow more crops make
more money
Farmers can’t pay off their debt
Farmers grow too many crops & prices fall
THE FARMERS PROBLEMS
I. The number of Farmers was decreasing in the USA. A. Less Americans are farming à less Americans care about farmers
II. Crop prices falling. A. Crops sell for less à less money for the farmer
III. Farm machinery = expensive!! A. Taking out loans to pay for farm equipment
IV. Shipping costs = expensive A. Railroads charge farmers high shipping rates
V. Farmers have no money à go further into debt A. Take out loans to pay off debt à go deeper into debt