Ocala Demands
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Ocala Demands
The Ocala Demands was a platform for economic and political reform that was later adopted by the People's Party. In December, 1890, the National Farmers' Alliance and Industrial Union, more commonly known as the Southern Farmers' Alliance, its affiliate the Colored Farmers' Alliance, and the Farmers' Mutual Benefit Association met jointly in the Marion Opera House in Ocala, Florida, where they adopted the Ocala Demands. Context in the Farmers' Movement The Ocala convention was part of a trend in the Farmers' movement of moving from its fraternal and mutual benefit roots towards an increasingly political and radical position. Earlier in the year the Farmers' Alliance had successfully backed a number of candidates for state and Federal office, and the convention delegates hoped that future political gains would lead to major economic and political reforms. Background in Florida The Grange, and other activities prior to the Farmer's Alliance Starting in 1873, The Grange wo ...
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Populist Party (United States)
The People's Party, also known as the Populist Party or simply the Populists, was a left-wing agrarian populist political party in the United States in the late 19th century. The Populist Party emerged in the early 1890s as an important force in the Southern and Western United States, but collapsed after it nominated Democrat William Jennings Bryan in the 1896 United States presidential election. A rump faction of the party continued to operate into the first decade of the 20th century, but never matched the popularity of the party in the early 1890s. The Populist Party's roots lay in the Farmers' Alliance, an agrarian movement that promoted economic action during the Gilded Age, as well as the Greenback Party, an earlier third party that had advocated fiat money. The success of Farmers' Alliance candidates in the 1890 elections, along with the conservatism of both major parties, encouraged Farmers' Alliance leaders to establish a full-fledged third party before the 1892 elect ...
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Futures Contract
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the long position holder and the selling party is said to be the short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both parties lodging as security a margin of the value of the contract with a ...
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Economic History Of The United States
The economic history of the United States is about characteristics of and important developments in the U.S. economy from colonial times to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation and government policy. Specialized business history is covered in American business history. Colonial economy The colonial economy was characterized by an abundance of land and natural resources and a severe scarcity of labor. This was the opposite of Europe and attracted immigrants despite the high death rate caused by New World diseases. From 1700 to 1774 the output of the thirteen colonies increased 12-fold, giving the colonies an economy about 30% the size of Britain's at the time of independence. Population growth was responsible for over three-quarters of the economic growth of the British American colonies. The free white population had th ...
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White Supremacy
White supremacy or white supremacism is the belief that white people are superior to those of other races and thus should dominate them. The belief favors the maintenance and defense of any power and privilege held by white people. White supremacy has roots in the now-discredited doctrine of scientific racism and was a key justification for European colonialism. As a political ideology, it imposes and maintains cultural, social, political, historical, and/or institutional domination by white people and non-white supporters. In the past, this ideology had been put into effect through socioeconomic and legal structures such as the Atlantic slave trade, Jim Crow laws in the United States, the White Australia policies from the 1890s to the mid-1970s, and apartheid in South Africa. This ideology is also today present among neo-Confederates. White supremacy underlies a spectrum of contemporary movements including white nationalism, white separatism, neo-Nazism, and the Christ ...
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Google Books
Google Books (previously known as Google Book Search, Google Print, and by its code-name Project Ocean) is a service from Google Inc. that searches the full text of books and magazines that Google has scanned, converted to text using optical character recognition (OCR), and stored in its digital database.The basic Google book link is found at: https://books.google.com/ . The "advanced" interface allowing more specific searches is found at: https://books.google.com/advanced_book_search Books are provided either by publishers and authors through the Google Books Partner Program, or by Google's library partners through the Library Project. Additionally, Google has partnered with a number of magazine publishers to digitize their archives. The Publisher Program was first known as Google Print when it was introduced at the Frankfurt Book Fair in October 2004. The Google Books Library Project, which scans works in the collections of library partners and adds them to the digital invent ...
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Farmers' Movement
The farmers' movement was, in American political history, the general name for a movement between 1867 and 1896. In this movement, there were three periods, popularly known as the Grange, Alliance and Populist movements. The Grange The Grange, or Order of the Patrons of Husbandry (the latter official name of the national organization, while the former was the name of local chapters, including a supervisory National Grange at Washington), was a secret order founded in 1867 to advance the social needs and combat the economic backwardness of farm life. It was founded by Oliver H. Kelley, at that time an official working in Washington DC for the Department of Agriculture. He had been sent to Virginia to assess Southern agricultural resources and practices. He found them to be generally poor, and became determined to found an organization of farmers for the dissemination of information. As a Government official from the North, he must have received a generally hostile reception, bu ...
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Omaha Platform
The Omaha Platform was the party program adopted at the formative convention of the Populist (or People's) Party held in Omaha, Nebraska on July 4, 1892. Origin The platform preamble was written by Ignatius L. Donnelly. The Omaha platform was seen as "The Second Declaration of Independence," as it called for reestablishing American liberty. The planks themselves represent the merger of the agrarian concerns of the Farmers' Alliance with the free-currency monetarism of the Greenback Party while explicitly endorsing the goals of the largely urban Knights of Labor. In the words of Donnelly's preamble, the convention was "assembled on the anniversary of the birthday of the nation, and filled with the spirit of the grand general and chieftain who established our independence, we seek to restore the government of the Republic to the hands of the ''plain people'', with which class it originated." The Omaha Platform called for a wide range of social reforms, including a reduction in th ...
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United States Senator
The United States Senate is the Upper house, upper chamber of the United States Congress, with the United States House of Representatives, House of Representatives being the Lower house, lower chamber. Together they compose the national Bicameralism, bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of #Membership, senators, each of whom represents a single U.S. state, state in its entirety. Each of the 50 states is equally represented by two senators who serve Classes of United States senators, staggered terms of six years, for a total of 100 senators. The Vice President of the United States, vice president of the United States serves as presiding officer and president of the Senate by Ex officio member, virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the Presiden ...
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United States Constitution
The Constitution of the United States is the Supremacy Clause, supreme law of the United States, United States of America. It superseded the Articles of Confederation, the nation's first constitution, in 1789. Originally comprising seven articles, it delineates the national frame of government. Its first three articles embody the doctrine of the separation of powers, whereby the federal government of the United States, federal government is divided into three branches: the United States Congress, legislative, consisting of the bicameralism, bicameral United States Congress, Congress (Article One of the United States Constitution, Article I); the Federal government of the United States#Executive branch, executive, consisting of the President of the United States, president and subordinate officers (Article Two of the United States Constitution, Article II); and the Federal judiciary of the United States, judicial, consisting of the Supreme Court of the United States, Supreme C ...
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Seventeenth Amendment To The United States Constitution
The Seventeenth Amendment (Amendment XVII) to the United States Constitution established the direct election of United States senators in each state. The amendment supersedes Article I, Section 3, Clauses 1 and2 of the Constitution, under which senators were elected by state legislatures. It also alters the procedure for filling vacancies in the Senate, allowing for state legislatures to permit their governors to make temporary appointments until a special election can be held. The amendment was proposed by the 62nd Congress in 1912 and became part of the Constitution on April 8, 1913, on ratification by three-quarters (36) of the state legislatures. Sitting senators were not affected until their existing terms expired. The transition began with two special elections in Georgia and Maryland, then in earnest with the November 1914 election; it was complete on March 4, 1919, when the senators chosen by the November 1918 election took office. Text Background Original com ...
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Graduated Income Tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.Sommerfeld, Ray M., Silvia A. Madeo, Kenneth E. Anderson, Betty R. Jackson (1992), ''Concepts of Taxation'', Dryden Press: Fort Worth, TX The term ''progressive'' refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.Hyman, David M. (1990) ''Public Finance: A Contemporary Application of Theory to Policy'', 3rd, Dryden Press: Chicago, ILJames, Simon (1998) ''A Dictionary of Taxation'', Edgar Elgar Publishing Limited: Northampton, MA The term can be applied to individual taxes or to a tax system as a whole. Progressive taxes are imposed in an attempt to reduce the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay. The opposite of a progressive tax is a regressive tax, such as a sales tax, where the poor pay ...
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Tariff
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. ''Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and reduce th ...
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