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Friday, March 29, 2013

What Factors Account for the Farmers Movements in the Late 19th Century America? Support Your Answer with...

The late nineteenth century, and to a lesser extent, the early twentieth century were times of major farm protest movements in the United States. The exercises of this unrest have been a puzzle for a long time. Several Economic Historians have suggested that economic derangement in American agriculture was the primary cause of agricultural discontent in the late nineteenth century. For example, on freestanding occasions Robert Higgs and William Parker asserted that the directs at which agricultural production fluctuated was a major factor in fomenting rural unrest. Higgs emphasized on the exploitation of farmers by mortgagers, freight owners and monopolists as the major cause of farm protests and the subsequent formation of agrarian parties1. However, other scholars similar Robert McGuire have subjected the complaints of farmers to statistical testing, founding each claim mismated to some extent with the available evidence about the hurt of trade 2. This paper will assess the actual causes of agrarian unrest and the formation of agrarian parties, paying particular financial aid to the Populist Party.

John D. Hicks has summarized the complaints of the farmers. First, farmers claimed that farm prices were falling and, as a consequence, so were their incomes. They generally blamed low prices on over- production.

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Second, farmers asseverate that monopolistic railroads and grain elevators charged unfair prices for their services. Government enactment was the farmers solution to the problem of monopoly. Third, there was a perceived dearth of credit and money. Farmers believed that engagement rates were too high because of monopolistic lenders, and the money supply was inadequate, producing deflation. A falling price level increased the burden of debt, as farmers were forced to repay such(prenominal) more than they actually had to3. According to James A. Stewart farmers demanded ceilings on interest rates, public boards to mediate foreclosure proceedings, and the U.S. Treasury to

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