The Gilded Age - Part 3

Front

Which Act regulated railroad prices and practices?

Back

Interstate Commerce Act

Front

Which organized economic movement was formed in the late 19th century to address the financial problems of farmers through cooperative efforts and political advocacy, eventually leading to the formation of the Populist Party?

Back

The Farmers Alliance

Front

The US had shifted from an agricultural to an industrial economy. There was an abundance of crops because of the steel plow. Prices of crops were falling. The farmers blamed their problems on the railroads. The railroads were charging higher prices to transport goods. This led to ___________.

Back

Farmers Reform and the Granger Laws

Front

The Supreme Court found the Granger Laws (how much the railroads could charge for transport and storage for crops) to be _____________________ because only federal laws can regulate interstate commerce/trade.

Back

unconstitutional and was not passed

Front

The Populist Party of 1891 included:

Back

Farmers and Laborers

Front

Paper money backed by gold or silver is called ______________.

Back

Bimetallism

Front

Who believed money should be backed by silver because silver was an abundant resource? more available = more money

Back

Populists

Front

Who believed gold was more stable and more expensive?

Back

Bankers and Businessmen

Front

How did the Transcontinental Railroad affect the United States during the late 1800s?

Back

The railroad contributed to the rapid settlement and growth of towns in the West.

Front

Since workers realized they needed to organize to demand better pay, hours and working conditions, they "united" together to make labor demands. They created ______________.

Back

Labor Unions