6 demands of the Populist party – Flashcards
Unlock all answers in this set
Unlock answersquestion
Free and unlimited coinage of silver
answer
at a ration of 16 oz of silver to 1 oz of gold. Will increase amount of money in circulation from $20 to $50 per person.
question
Sub-Treasury system
answer
extend short-term credit to farmers by letting them store their produce till they could sell at favorable prices; eases the problems with restricted money supply.
question
Graduated income tax
answer
gives government sufficient revenue to allow for tariff reductions (eventually becomes the 16th amendment).
question
Government ownership/regulations
answer
ownership of telephones, telegraphs, and railroads. This will serve to end abuse of the private enterprise.
question
The secret ballot
answer
direct election of senators.
question
Immigration restrictions and 8 hr work day
answer
Aimed at forging a farmer-labor alliance.
