Populism- Maija

Populism was a movement to help increase the political power of farmers. The newly found technology allowed farmers to produce more crops, but in return the supply increased and their prices fell. The high tariffs made it hard for farmers to sell their goods overseas. Millions of dollars began to be issued by a paper currency called Greenbacks. Greenbacks were not allowed to be traded in for gold. The increase in the supply of money without any increase in sold goods caused inflation. Most farmers had to borrow money so they could afford seed and other farming equipment. Prices began to fall and farmers began selling their crops for lower prices.