So. Alliance wanted to gain control of the Democratic Party.
No. Alliance ran 3rd Party candidates.
1892 800 met in St. Louis, MO
majority were Alliance members.
over 100 were African Americans.
reps. of labor organizations & other reformers (Grange, Greenback Party).
The Populist (Peoples’) Party
Founded by James B. Weaver and Tom Watson.
Omaha, NE Convention in July, 1892.
Got almost 1 million popular votes.
Several Congressional seats won.
James B. Weaver, Presidential Candidate
& James G. Field, VP
System of “sub-treasuries.”
Abolition of the National Bank.
Direct election of Senators.
Govt. ownership of RRs, telephone & telegraph companies.
Government-operated postal savings banks.
Restriction of undesirable immigration.
8-hour work day for government employees.
Abolition of the Pinkerton detective agency.
Australian secret ballot.
Re-monitization of silver.
A single term for President & Vice President.
Begun 10 days after Cleveland took office.
Several major corps. went bankrupt.
Over 16,000 businesses disappeared.
Triggered a stock market crash.
Bank failures followed causing a contraction of credit [nearly 500 banks closed].
By 1895, unemployment reached 3 million.
Americans cried out for relief, but the Govt. continued its laissez faire policies!!
Here Lies Prosperity
When the banker says he's broke And the merchant’s up in smoke, They forget that it's the farmer who feeds them all. It would put them to the test If the farmer took a rest; Then they'd know that it's the farmer feeds them all.