The Other Side of Industrialization

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The Other Side of Industrialization

• American Farmers in the Age of Industry

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Problems of Farming

• Terms of Trade
• Agricultural goods do not increase in value as
  fast as manufactured goods
• Farmers relative purchasing power declines

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Deflation

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Problems of Farming

• Railroads
• Tariff (rate) system favors manufacturers
• High prices for rural locations

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Problems of Farming

• Middle Men
• Grain elevator operators
• Purchasers have power
• Drive down prices for crops

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RESULT

• Prices Decline
• Farmers produce more
• Prices decline further
• Cycle of debt

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Organizations

• The Grange
• Patrons of Husbandry
• Railroads
• Cooperative Extension
• Declined in 1880s

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Organizations

• Farmers Alliances
• Cooperatives
• Links to Labor
• Boycotted by corporations
• Roots of Populist Party

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Organizations

• The Peoples Party
• Populism
• Farmers Alliance
• Knights of Labor
• Third party

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