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Why were farmers hurt by the governments withdrawal of greenbacks from circulation?
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∙ 10y ago
Greenback Party (known successively as the Independent Party, the National Independent Party, and the Greenback Labor Party) was an Americanpolitical party with an anti-monopoly ideology which was active between 1874 and 1889. The party fielded Presidential tickets three times - in the elections of 1876, 1880, and 1884, before fading away.
The party's name referred to the non-gold backed paper money, commonly known as "greenbacks", issued by the North during the American Civil War and shortly afterward. The party opposed the deflationary lowering of prices paid to producers entailed by a return to a bullion-based monetary system, the policy favored by the dominant Republican Party. Continued use of unbacked currency, it was believed, would better foster business and assist farmers by raising prices and making debts easier to pay.
Initially an agrarian organization associated with the policies of the Grange, from 1878 the organization took the name Greenback Labor Party and attempted to forge a farmer-labor alliance, adding industrial reforms to its agenda, such as support of the 8-hour day and opposition to the use of state or private force to suppress union strikes. The organization faded into oblivion in the second half of the 1880s, with its basic program reborn shortly under the aegis of the People's Party, commonly known as the "Populists."
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∙ 10y ago
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To alleviate the problem of depressed crop prices in the decades after the civil war farmers wanted the government to what?
Answer is issue more money into circulation
Why did plains farmers in the late 1800 tend to support the use silver and gold to back currency?
It would put more money in circulation.
What was one effect on shays rebellion?
state governments refused to provide relief to stuggling farmers
What Of the following problems which was the biggest one that farmers faced in the late 1800s?
Farmers believed that their economic demise resulted from the low prices which they received for their produce. Statistics validate their belief as the price of agricultural produce did fall drastically during the closing decades of the 19th century. According to the U.S. Department of Agriculture, from 1870 to 1897, wheat prices fell from $1.06 a bushel to 63¢ a bushel, corn from 43¢ to 30¢ a bushel, and cotton from 15¢ a pound to 6¢ a pound. Most of the time farmers received even less for their produce. Farmers refused to admit it, but the primary cause of their problem was overproduction caused by increases in acreage of farm land and increased yields per acre due to improved farming methods generated by newly created agricultural colleges.
Why did farmers choose federalism?
The framers of the Constitution chose Federalism because they wanted both the Federal and State governments to have power. They wanted to ensure that no one group had all of the power.
What did farmers band together to for the farmers alliance?
putting more money into circulation
How did federal governments aid farmers?
Federal goverment
How is crop circulation harmful to farmers?
it circulates hte air
Why did western farmers resent the new governments 1791 tax on alcoholic beverages?
The farmers valued their independence.
Why did the plains farmers In the 1800s support bimetallism?
It would put more money in circulation.
Why did plains farmers in the late 1800s to support bimetallism?
It would put more money in circulation.
To alleviate the problem of depressed crop prices in the decades after the civil war farmers wanted the government to what?
Answer is issue more money into circulation
What is rural marketting?
Rural credit market refers to the provision of cheap resources by the governments to farmers in a myriad of institutional settings. The governments are usually supported by the bilateral and multilateral aid agencies.
What is rural credit market?
Rural credit market refers to the provision of cheap resources by the governments to farmers in a myriad of institutional settings. The governments are usually supported by the bilateral and multilateral aid agencies.
Why did farmers favored inflation?
there was a decrease in the buying power of the dollar, brought about by too much money in circulation
Why do gardeners and farmers usually turn the soil near the base of the plants?
The gardeners and farmers usually turn the soil near the base of the plant, so that air and water circulation would be efficient for the roots of the plants.
What are the steps taken by your government for farmers?
Different governments have different solutions, each would suit their particular circumstances and social order.
