3. Farmers in the West are in Serious Trouble Mechanization & competition amongst farmers Mechanization and need for land = debt Specialization of crops (leads to trouble if that one crop has trouble) Disasters (floods, boll-weevil, grasshoppers) Corporate greed (a system setup by the US government were banks and the railroads seemed to be in control of all the money) Rebates, short v. long trip rates Mortgages, interest rates, etc
8. The Money Supply… After the Civil War the US began printing greenbacks – paper money This caused Inflation – the value of money decreases To fight this government stopped making money and this caused deflation – value of money goes up Sounds good right? When in debt…inflation is good, deflation is bad Farmers wanted the government to either print more greenbacks or put more silver into circulation