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Populist Party (United States)
The People's Party, usually known as the Populist Party or simply the Populists, was an 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 declined rapidly after the 1896 United States presidential election in which most of its natural constituency was absorbed by the Bryan wing of the Democratic Party. 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 estab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Farmers' Alliance
The Farmers' Alliance was an organized agrarian economic movement among American farmers that developed and flourished ca. 1875. The movement included several parallel but independent political organizations — the National Farmers' Alliance and Industrial Union among the white farmers of the South, the National Farmers' Alliance among the white and black farmers of the Midwest and High Plains, where the Granger movement had been strong, and the Colored Farmers' National Alliance and Cooperative Union, consisting of the African American farmers of the South. One of the goals of the organization was to end the adverse effects of the crop-lien system on farmers in the period following the American Civil War. The Alliance also generally supported the government regulation of the transportation industry, establishment of an income tax in order to restrict speculative profits, and the adoption of an inflationary relaxation of the nation's money supply as a means of easing the burde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Left-wing Politics
Left-wing politics describes the range of Ideology#Political ideologies, political ideologies that support and seek to achieve social equality and egalitarianism, often in opposition to social hierarchy either as a whole or of certain social hierarchies. Left-wing politics typically involve a concern for those in society whom its adherents perceive as disadvantaged relative to others as well as a belief that there are unjustified inequalities that need to be reduced or abolished, through radical means that change the nature of the society they are implemented in. According to emeritus professor of economics Barry Clark, supporters of left-wing politics "claim that human development flourishes when individuals engage in cooperative, mutually respectful relations that can thrive only when excessive differences in status, power, and wealth are eliminated." Within the left–right political spectrum, ''Left'' and ''right-wing politics, Right'' were coined during the French Revolu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Income Tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdictio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Bimetallism
Bimetallism, also known as the bimetallic standard, is a monetary standard in which the value of the monetary unit is defined as equivalent to certain quantities of two metals, typically gold and silver, creating a fixed Exchange rate, rate of exchange between them. For scholarly purposes, "proper" bimetallism is sometimes distinguished as permitting that both gold and silver money are legal tender in unlimited amounts and that gold and silver may be taken to be coined by the Mint (facility), government mints in unlimited quantities. This distinguishes it from "limping standard" bimetallism, where both gold and silver are legal tender but only one is freely coined (e.g. the monies of France, Germany, and the United States after 1873), and from "trade" bimetallism, where both metals are freely coined but only one is legal tender and the other is used as "trade money" (e.g. most monies in western Europe from the 13th to 18th centuries). Economists also distinguish ''legal'' bimeta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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 The Florida Grange established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
1892 United States Elections
Elections were held on November 8, 1892, electing member to the 53rd United States Congress, taking place during the Third Party System. Democrats retained the House and won control of the presidency and the Senate. Following the election, Democrats controlled the presidency and a majority in both chambers of Congress for the first time since the 1858 elections. In the presidential election, Republican President Benjamin Harrison was defeated by former Democratic President Grover Cleveland. Cleveland won the popular vote by a margin of three percent, but won by a large margin in the electoral college. Populist James B. Weaver also carried five Western states and won a little over eight percent of the vote. At the 1892 Republican National Convention, Harrison fended off a challenge from supporters of former Secretary of State James G. Blaine and Governor William McKinley of Ohio. At the 1892 Democratic National Convention, Cleveland defeated Senator David B. Hill from New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Third Party (United States)
Third party, or minor party, is a term used in the United States' two-party system for political parties other than the Republican and Democratic parties. The plurality voting system for presidential and Congressional elections have over time helped establish a two-party system in American politics. Third parties are most often encountered in presidential nominations and while third-party candidates rarely win elections, they can have an effect on them through vote splitting and other impacts. With few exceptions, the U.S. system has two major parties which have won, on average, 98% of all state and federal seats. According to Duverger's law two main political parties emerge in political systems with plurality voting in single-member districts. In this case, votes for minor parties can potentially be regarded splitting votes away from the most similar major party. Third party vote splitting exceeded a president's margin of victory in three elections: 1844, 2000, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
1890 United States Elections
Elections in the United States, Elections occurred in the middle of Republican Party (United States), Republican President Benjamin Harrison's term. Members of the 52nd United States Congress were chosen in this election. The Republicans suffered major losses due to the Panic of 1890 and the unpopularity of the McKinley Tariff. The Populist Party (United States), Populist Party also emerged as an important third party. Republicans suffered massive losses to Democrats in the United States House of Representatives, House, and the Democrats took control of the chamber. In the United States Senate, Senate, Democrats made minor gains, but Republicans kept control of the chamber. The People's Party (United States), Populists joined the Senate for the first time, electing two senators. See also *1890 United States House of Representatives elections *1890–91 United States Senate elections References Further reading * Cooper, William J. "Economics or Race: An Analysis of the Gube ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Fiat Money
Fiat money is a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1976 by the Jamaica Accords, the major currencies in the world are fiat money. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people as a means of payment for liabilities. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Gilded Age
In History of the United States, United States history, the Gilded Age is the period from about the late 1870s to the late 1890s, which occurred between the Reconstruction era and the Progressive Era. It was named by 1920s historians after Mark Twain's 1873 novel ''The Gilded Age: A Tale of Today''. Historians saw late 19th-century economic expansion as a time of materialistic excesses marked by widespread political corruption. It was a time of rapid economic growth, especially in the Northern United States, Northern and Western United States, Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and Industrialisation, industrialization demanded an increasingly skilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to Real wages, real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Rump Party
A rump party is a political party that is formed by the remaining body of supporters and leaders who do not support a breakaway group that merges with another party, or forms a new party. The rump party can have the name of the original party, or a new name. Examples: * Alliance (New Zealand political party), following the departure of Green Party of Aotearoa New Zealand * Alberta Liberal Party * Bavaria Party * The pro-protectionism Conservative Party in the UK after the breakaway of the free trade Peelite faction in 1846 over the repeal of the corn laws. * Diverse conservative parties in Canada ** Alberta Social Credit Party, renamed to Pro-Life Alberta Political Association in 2017 ** British Columbia Social Credit Party, dissolved in 2023 ** BC United, rump party of the British Columbia Liberal Party ** Conservative Party of British Columbia, until 2024 ** Progressive Conservative Association of Alberta, in the 1920s to 1960s and again in the late 2010s ** Progressive Conser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
William Jennings Bryan
William Jennings Bryan (March 19, 1860 – July 26, 1925) was an American lawyer, orator, and politician. He was a dominant force in the History of the Democratic Party (United States), Democratic Party, running three times as the party's nominee for President of the United States in the 1896 United States presidential election, 1896, 1900 United States presidential election, 1900, and 1908 United States presidential election, 1908 elections. He served in the United States House of Representatives, House of Representatives from 1891 to 1895 and as the United States Secretary of State, Secretary of State under Woodrow Wilson from 1913 to 1915. Because of his faith in the wisdom of the common people, Bryan was often called "the Great Commoner", and because of his rhetorical power and early fame as the youngest presidential candidate, "the Boy Orator". Born and raised in Illinois, Bryan moved to Nebraska in the 1880s. He won election to the House of Representatives in the 18 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
