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Word Count: 475
The Populist Party came about in the late 19th century at which time farmers were suffering from declining agricultural prices Many believed that the federal governments currency policy favored eastern banks and industrialists at the expense of farmers and workers Delegates from farm and labor groups met at Omaha in 1892 and formed the Populist Party also known in some states as the Peoples Party Its platform called for the free coinage of silver and plenty of paper money among other popular reforms The Populist presidential candidate in the 1892 election was James B Weaver The Populist Party dissolved after the Democrats adopted free coinage of silver and nominated William J Bryan for presidential candidate in 1896 at which time agrarian insurgency had declined due in part to rising farm prices The Wonderful Wizard of Oz helps support a populist allegory by depicting and representing different people things and happenings that occurred in the Populist Era The Gold Standard is represented through the yellow brick road In the late 1890s one of the largest concerns of the United States was currency If the government stopped coining silver and went back to the gold standard then gold would be used to back the currency The citizens demanded gold in exchange for Federal Reserve Banks 1933 because the country was facing a severe depression This caused commercial banks and both of the Federal Reserve banks to close down Federal Reserve Act caused a change only to allow the Federal Reserve Banks to hold gold McKinley supported the Gold Standard Act of 1900 that required all United States paper money to be backed by gold Moreover the silver slippers are represented as silver coinage Most Democrats had supporting the coinage of silver which would have mildly inflated the currency however Cleveland refused to support this idea giving the nomination to William Jennings Bryan He called for unlimited coinage of silver
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