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Populism
Populism
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1
In the business cycle, a depression is a period of
High Business Failures
High Consumer Spending
Mild Economic Growth
Great Prosperity
2
William McKinley, the Republican candidate for President in 1896, supported
Expansion of the money supply
Higher rates for railroads and lower taxes for farmers
High tariffs and the gold standard
The Sherman Silver Purchase Act
3
Shortly after the election of 1892 in 1893, the United States experienced
A shortage of silver coins
A return to prosperity
The effects of a surplus of gold on the world market
A severe depression
4
Who is the man in the picture?
William Bryan
Grover Cleveland
Ulysses Grant
William McKinley
5
The Populist Party called for which of the following?
A government ownership of farms
national boycott of railroads
secret ballot and direct election of senators
limited terms for Supreme Court justices
6
The Populist movement of the 1890's can best be described as a:
Political interest group desiring war with Spain
Trade union movement located in major urban areas
Reform movement seeking to eliminate urban poverty
Grass roots political movement of farmers
7
Who did the Populists believed influenced the government's currency policy?
Urban workers
China
Farmers
Corporations
8
The Populists incorporated some anti-Semitic rhetoric. Rothchild, with his huge nose, is a
Jew
African
Italian
Pole
9
Which of the following did NOT contribute to the problems of farmers in the late 19th century?
Lack of available land
Increased foreign competition
Increased machinery costs
Deflation
10
The basic economic motivation behind the Populist push for the coinage of silver was to?
Create inflation to pay off debts
Encourage increased production of agricultural products
Encourage reduced production of agricultural products
Increase foreign trade
11
“Prices and wages should be determined by the marketplace.” This statement would support
Limits on wages and prices
Minimum-wage laws
Government ownership of utilities
Laissez-faire capitalism