History Chapter 7

Cross of Gold speech

William Charles Bryan's famous speech at the Democratic Convention

the Grange

an organization that helps farmers regulate business

Farmers' Alliances called for

putting more money into circulation

monetary policy

The federal government plan for the makeup and quantity of the nations money supply

In the 1880's American Presidents most often protected the interests of

business and industry

William Jennings Bryan lost the election in 1896 because he could not

carry the urban and industrial centers

deflation

drop in the price of goods

Populist

followers of the Peoples Parth

Reforms pushed by the Populists included

government ownership of transportation systems

Reforms pushed by the populists included

government ownership of transportation systems

Bankers supported deflation because this policy would

increase the value of money

Farmers favored inflation because

it increased crop prices

Bland-Allison Act

law requiring the federal government to purchase and coin more silver, increasing the money supply and causing inflation

Interstate Commerce Act

law to regulate railroad and other interstate businesses

Farmers generally favored

lower tariffs