Farmers
At the beginning of American history, agriculture was the main economic foundation. Profits gained from crops such as tobacco helped the country to prosper. Though by the late nineteenth century, new technology and the famous industrial revolution shifted the economic foundation of the United States. America was passing through a lot of political and economic changes, and the population boomed due to a massive immigration from Europeans. Still, one half of the U.S. population still consisted of farmers. As industries expanded with every decade, the situation of the farmers became harder and harder. Crops such as wheat and cotton were selling at very low prices, and this meant fewer profits for farmers. Furthermore, foreign competition, droughts, grass hopper plagues made the toiling farmers miserable and poor. During the last years of the century, all this problems caused farmers to unite and fight for what they thought was threatening their way of life such as monopolies, shortage of money, and railroad companies. Some of their complaints were valid and well supported while others were not. The boomed of industries in the late nineteenth century, led monopolies and trusts to appear. People like Andrew Carnegie and John D. Rocke
Moreover, the fact that prices would increase and lower the producer's profit is more of a fear than a reality. feller became the first millionaires of the nation through their companies in steel and oil, respectively. Agricultural practice was somewhat weak during the late nineteenth century due to shift from an agricultural country to an industrialist world power. Debasement of the currency means destruction of values. Their arguments were not strong enough. " As a fact, having unlimited free coinage would harm farmers even more. The money supply was low and due to the Panic of 1893, paying back debts was especially hard because there was simply not enough money to go around for everyone. In the United States government data of 1961, the table shows that even though the population gradually increased, the money supply decreased per capita. Parker he said that "about 33 1/3 percent of the operating expenses of this road is continuous, regardless of whether the road is earning much o littler, and it therefore requires a certain volume of business to meet these fixed expenses. In the short scene of the Octupus, by Frank Norris, it shows how farmers are very affected by the up and down in the prices for transporting crops. farmers is the first to feel its bad effects. However, this idea was going to cut in half the value of people's earnings and savings.
Common topics in this essay:
George Parker,
John Rockefeller,
United America,
Frank Norris,
Uprising Monopolies,
William McKinley,
Jenning Bryan,
,
South West,
Farmer's Voice',
nineteenth century,
money supply,
late nineteenth century,
late nineteenth,
speech william,
railroad companies,
john rockefeller,
andrew carnegie,
prices farmers,
coinage silver,
free coinage,
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Acceptance Essays
