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Monday, 15 April 2019
American History Essay Example for Free
American History EssayFrom 1880 to 1890 farmers had to endure many hardships. For example, food prices were decreasing, which meant farmers had to produce more crops and borrow more money from the banks. The banks then charged high inte napingness rates for loans to farmers. In addition, rail road shipping rates were increasing, farm machinery was e genuinely expensive, the farmers were iso after-hoursd from the rest of the country, and they felt that they had an unresponsive government. The farmers believed that the deflating currency and the governments failure to regulate the banks and squeeze companies were the two main sources for their problems. Food prices were at incredibly low prices when the 1880s began. This led to farmers having to grow more crops, but as Causes of Agricultural upheaval shows, this only helped to further decrease food prices. Unfortunately, the farmers could non just produce less and wait for prices to addition because they didnt have the time to wait for prices to increase. The farmers believed that deflation was the cause of the food prices dropping. According to the United Sates government data, the farmers had a very valid point.Between 1865 and 1895 the population of the United States almost doubled, while the money in circulation in 1880 was unconstipated less than in 1865. The farmers solution to the deflation was an increase in cheap money, which is also cognise as liquid coinage. However, the Republican party had conservative ideas and wanted to keep the gold standard. So the farmers created the radical, agrarian party known as the Populist party. As shown in The platform of the Peoples party, the Populists believed in increasing silver to help the farmers.And although the Populists muzzy the election. no one remembers the Acceptance lyric of William McKinley. The American people remember W. J. Bryans Cross of Gold speech and his ideas of silver coinage. As the number of crops farmers had to produce increased , so did the amount of money the farmers had to barrow from the banks. In reaction to the increasing number of loans, the banks charged very high interest rates. These high interest hurt the ugly farmers even more and often the farmers could not repay the banks.The Farmers Voice depicts hundreds of impoverished farmers in shackles, being taken to the court house because they could not pay their farm mortgages from the bank. The late 19th century was filled with governmental corruption and the political machine was created. In most cases, state machines were republican and favored big businesses. When railroad companies decided to increase short haul rates and decrease long haul rates, the government was not upset because the long hall rates were great for big businesses and only hurt farmers.In the good word of George W. Parker the corruption is evident in his statement There is a decided distinction between topical anaesthetic and through business different rules and practic es apply to them. In The Octopus, one can see the harsh personal effects of the higher short haul rates on farmers. Overall, farmers had every right to be upset during the late 19th century. Their complaints about the deflation and unregulated railroad rates were valid and clearly the cause of their suffering.
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