Warm Up Analyze.. 1. What is this balloon made of and what does this composition suggest? 2. What features in this cartoon might suggest that the Populist’s party is NOT popular with everyone? POPULIST PARTY IS BORN Leaders of the farmers organization realized they needed to build a base of political power Populism – the movement of the people – was born in 1892 with the founding of the Populist, or People’s Party THIS POLITICAL CARTOON SHOWS A POPULIST CLUBBING A RAILROAD CAR What does this represent? POPULIST REFORMS Proposed economic reforms included; increase of money supply, a rise in crop prices, lower taxes, a federal loan program Proposed political reforms included; direct election of senators, single terms for presidents Populists also called for an 8-hour workday and reduced immigration QUESTION… What do you think about the Populist Party’s ideas? Would you have voted for them? Why or why not? POPULISTS MAKE GAINS In the 1892 Presidential election, the Populist candidate won almost 10% of the vote In the West, the party elected 5 senators, 3 governors and 1,500 state legislators FRED AND PHIL VOTED FOR THE PEOPLE’S PARTY THE PANIC OF 1893 Nationwide economic problems took center stage in America in 1893 Railroads went bankrupt, the stock market lost value, 15,000 businesses and 500 banks collapsed, 3 million people lost their jobs – putting THE STOCK MARKET unemployment at 20% CRASHED IN 1893 SILVER OR GOLD? The central issue of the 1896 Presidential campaign was which metal would be the basis of the nation’s monetary system Bimetallism (those who favored using both) vs. those that favored the Gold Standards alone BRYAN AND THE “CROSS OF GOLD” BRYAN’S CROSS OF GOLD SPEECH Republicans favored the Gold standard and nominated William McKinley Democrats favored Bimetallism and nominated William Jennings Bryan Despite Bryan’s stirring words, “You shall not crucify mankind upon a cross of gold,” McKinley won the 1896 election Question… Does the United States still use the Gold Standard? What is our money’s worth based on? 1933 Ten Dollar Bill THE END OF POPULISM With McKinley’s election victory, Populism collapsed, burying the hopes of the farmer Populism left two important legacies: 1) A message that the downtrodden can organize and be heard and 2) An agenda of reforms, many of which would be enacted in the 20th century THE PEOPLE’S PARTY WAS SHORT-LIVED BUT LEFT AN IMPORTANT LEGACY Question… How could current politics be different if the Populist Party still existed? Would all of their ideas still be necessary? The Expansion of American Industry- Industrial Revolution Definition: The shift from making goods by hand to making them by machine. Industrial Revolution Background Information The American Industrial Revolution occurred between 1790 and 1860. It began in England in the 18th century and spread to the United States. The invention of steam power allowed for use of manufacturing machines. Industrial Revolution Background Information Irish Steerage - 1849 The machines could produce more products faster. The North used cheap labor to work in factories. Industrial Revolution Background Information During this time, many rural people moved to urban areas. There was also a mass migration of people from other countries into the U.S. – Pull Factors for migration: • Political and religious freedom • Economic opportunity Setting the Scene In the years after the Civil War, the U.S. developed into an industrial powerhouse. THE EXPANSION OF INDUSTRY After the Civil War (1865) the U.S. was still largely agriculture By 1920, the U.S. was the leading industrial power in the world This enormous growth was due to three factors; 1) Natural Resources 2) Governmental support 3) Urbanization BLACK GOLD In 1859, Edwin Drake used a steam engine to drill for oil This breakthrough started an oil boom in the Midwest and later Texas At first the process was limited to transforming the oil into kerosene and throwing out the gasoline -a by-product of the process Later, the gasoline was used for cars EDWIN DRAKE PICTURED WITH BARRELS OF OIL BESSEMER STEEL PROCESS Oil was not the only valuable natural resource Coal and iron were plentiful within the U.S. When you removed the carbon from iron, the result was a lighter, more flexible and rust resistant compound – Steel The Bessemer process did just that (Henry Bessemer & William Kelly) BESSEMER CONVERTOR CIRCA 1880 NEW USES FOR STEEL The railroads, with thousands of miles of track, were the biggest customers for steel Other uses emerged: barbed wire, farm equipment, bridge construction (Brooklyn Bridge- 1883),and the first skyscrapers BROOKLYN BRIDGE SPANS 1595 FEET IN NYC 2nd Industrial Revolution Marked by three major interrelated developments: 1. The creation of an interconnected national transportation and communication network. 2. Electricity- 1880’s 3. Scientific research/inventions Changes in Daily Life Life in the 1860’s: – No indoor electric lights – No refrigeration – Long-distance communication Investing in New Technology 1790-1900 saw growth in many new ideas and inventions. Inventions: Typewriter, telephone, and phonograph – -Many new patents given. The combination of investments and ingenuity helped to create new industries and expand old ones. Productivity increases. By 1900, America’s standard of living was among the highest in the world. People Develop New Forms of Energy Edwin L. Drake Struck oil in Pennsylvania in 1859. New uses for oil grew rapidly. Oil refineries sprang up around the country as oil became a big business. Thomas A. Edison An inventor from New Jersey who experimented with electric light. Developed a workable filament for the light bulb and the idea of a central power station to make electric power widely available. Lewis Latimer Worked in Edison’s lab and patented an improved method for producing the filament in light bulbs George Westinghouse Experimented with a form of electricity called alternating current, which was less expensive and more practical than direct current, which Edison had used. By using a transformer, he improved the capabilities of power stations to make home use of electricity more practical. You do not have to write this slide! INVENTIONS SPUR INDUSTRY ELECTRICITY 1876- Thomas Alva Edison established the world’s first research lab in New Jersey There Edison perfected the incandescent light bulb in 1880 Later he invented an entire system for producing and distributing electricity By 1890, electricity powered numerous machines EDISON THE TYPEWRITER Christopher Sholes invented the typewriter in 1867 His invention forever affected office work and paperwork It also opened many new jobs for women 1870: Women made up less than 5% of workforce 1910: They made up 40% THE TELEPHONE Another important invention of the late 19th century was the telephone Alexander Graham Bell and Thomas Watson unveiled their invention in 1876 BELL AND HIS PHONE RAILROADS: Corruption & Scandal! The unchecked power of the railroad companies led to widespread abuses and then reforms. PULLMAN: A FACTORY & TOWN In 1880, George Pullman built THE TOWN GEORGE PULLMAN a factory for manufacturing sleepers and other railroad cars in Illinois The nearby town Pullman built for his employees was modeled after early industrial European towns Pullman workers felt his puritanical town was too strict When he lowered wages but not rent – it led to a violent strike in 1894 CREDIT MOBILIER SCANDAL Stockholders of Union Pacific Railroad formed a construction company in 1864 Stockholders then gave contracts to the company to lay track at 3 times the actual costs and pocketed the difference They donated shares of the stock to 20 Republican members of Congress in 1867 POSTER FOR BOGUS CONSTRUCTION COMPANY INTERSTATE COMMERCE ACT In 1887, the Federal government reestablished their control over railroad activities Congress passed the Interstate Commerce Act and established a 5-member Interstate Commerce Commission (ICC) The ICC struggled to gain power until 1906 1887 – CONGRESS PASSED THE ICA DEPRESSION The depression of 1893 and 1894 changed the industry. Many railroads failed, and a few survivors seized many of the rest. By 1900, seven companies owned most of the nation’s railways.