USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following did the People’s Party-also known as the Populists-call for in 1892?
A
tax breaks for businesses
B
a graduated income tax
C
a new tariff law
D
gold-based currency
Explanation: 

Detailed explanation-1: -The Ocala Demands laid out the Populist platform: collective bargaining, federal regulation of railroad rates, an expansionary monetary policy, and a Sub-Treasury Plan that required the establishment of federally controlled warehouses to aid farmers.

Detailed explanation-2: -At the first Populist national convention in Omaha, Nebraska, in July 1892, James B. Weaver from Iowa was nominated for president on the first ballot, now lacking any serious opposition.

Detailed explanation-3: -In 1891, the People’s Party (also known as the Populist Party, or the Populists) was formed as a political party representing the interests of the nation’s agricultural sector.

Detailed explanation-4: -The Omaha Platform suggested a federal loans system so that farmers could get the money they needed. The platform also called for the elimination of private banks. The platform proposed a system of federal storage facilities for the farmers’ crops.

There is 1 question to complete.