The growth of the railroad was one of the most significant elements in American economic growth. Oxford University Press, It would not make the farming less laborious or more profitable Many of the fears that farmers had about monopolies, such as the idea of unfair and unreasonable price increases, happened in very few occasions; in fact, prices went down in the latter part of the nineteenth century.
The Government Habit Redux: Thus, the farmer was forced into paying for transportation and credit in order to sell his produce at a high enough price so that he could pay for his inputs. The Historical Significance of Farm Unrest Farm unrest had profound and lasting consequences for American economic development.
This does not imply, however, that farm incomes were also falling. The country was for once free of the threat of war, and many of its citizens were living comfortably. Furthermore, history has shown that battle between gold and silver had little real meaning. This new rate, " As a result of the agricultural depression, many farm groups, most notably the Populist Party, arose to fight what farmers saw as the reasons for the decline in agriculture.
Finally, deflation and falling prices during the late Furthermore, improvement in transportation allowed foreign competition to materialize, making it harder for American farmers to dispose of surplus crop.
The free Economy research paper Agrarian Discontent in the Late s essay presented on this page should not be viewed as a sample of our on-line writing service. The farmers of the late The ICC from to A falling price level increased the real burden of debt, as farmers repaid loans with dollars worth significantly more than those they had borrowed.
Moreover, even if real farm prices had been falling, farmers were not necessarily worse off Fogel and Rutner, They are monopolies organized to destroy competition and restrain trade The Populist platform for the election called for unlimited coinage of silver and an increase in the money supply.
Nevertheless, one aspect of farm unrest that has largely been neglected by scholars is the sources of cooperation in promoting agrarian interests. He stood there ruined. Unfair railroad practices, such as rebates and drawbacks, hurt them severely.
Furthermore, history has shown that battle between gold and silver had little real meaning. The farmer also now had to judge himself by success of being a businessman and not just a farmer. The railroads regularly used rebates and drawbacks to help win the business of large shippers, and made up this loss in profit by increasing the cost to smaller shippers such as farmers.
Senators became law during the Progressive Era. The farmers of the period, though, used these issues to change the shape of American politics and bring it face to face with the problems the country was facing.
Naturally, frontier farmers complained bitterly about paying so much for credit. As a result, many farmers, already hurt by the downslide in agriculture, were ruined. Inthe U. It is clear that trusts are A New Economic History.
For instance, many Alliance and Populist demands such as the graduated income tax and the direct election of U. Supreme Court had ruled in Wabash, St. Crops such as cotton and wheat, once the bulwark of agriculture, were selling at prices so low that it was nearly impossible for farmers to make a profit off them.
Black farmers were excluded from most farm groups, and many white farmers were reluctant to join the attack on established politics and business for fear of undermining the system of social control that kept blacks inferior to whites Goodwyn, An Interpretation of the Great Uprising".Farm-based movement of the late s and grew into a joint effort between farmer and labor groups against big business and machine-based politics.
The movement became a third party in the election of People's party. Progressive platform. Agrarian Discontent In the Late 's "Why the Farmers Were Wrong" The period between and was a boom time for American politics.
The country was for once free of the threat of war, and many of its citizens were living comfortably. Agrarian Discontent in the Late 's "Why the Farmers Were Wrong" The period between and was a boom time for American politics.
The country was for once free of the threat of war, and many of its citizens were living comfortably. "Why the Farmers Were Wrong" The period between and was a boom time for American politics.
The country was for once free of the threat of war. Agrarian Discontent in the Late 's - Why the Farmers Were Wrong "Why the Farmers Were Wrong" The period between and was a boom.
Midwest farmers were clearly justified in their discontent with the U.S. government during the late nineteenth century; however, organized opposition was slow to materialize.Download