1. Agrarian Unrest
Ch 11.1

2. Plight of the Farmers
 Price of crops
 Started decline in 1880s
 Result of overproduction
 Costs of machinery shipping high
 Over-borrowing
 Had to live on income gained in fall for entire year
 Sold crops as soon as they came in
 Could not wait for best price

3. Railroad Abuses
 Unethical business practices
 Bribes to state officials for benefits
 Stock Watering
 Increasing number of share in a company w/o adding assets
 $71 million in stock on value of $20 million
 Unfair pricing
 Natural monopoly
 Charged more for short hauls than long hauls
 Pooling: divided traffic among railroads in area