The document discusses the Populist Party of the late 1800s and how the Wizard of Oz can be interpreted as an allegory for Populist ideas and the political issues of the time. Farmers struggled with falling crop prices and debt, and supported the Populist platform of expanding the money supply through the silver standard. The characters in the Wizard of Oz represent different groups - the Scarecrow represents farmers, the Tin Man represents industrial workers, the Cowardly Lion represents William Jennings Bryan, and the Munchkins represent oppressed workers. The story reflected the Populist view that large corporations oppressed ordinary Americans.
2. Farmers Problems in the late 1800s Falling crop prices Unable to pay back debt
3. Farmers Wanted Add the silver standard to the gold standard This would result in: Increase in money supply (inflation) Increase in prices for farm products More money for farmers Able to pay back debt
4. Populist Party Political party formed by farmers Wanted major changes in govt Increase $ supply Silver and gold standard Income tax (more income = pay more taxes) 8 hr. work day (attempt to gain support from factory workers)
6. The Gold Standard The value of money is linked to the money supply. Up until and after the Civil War, all dollars issued in the U.S. could only be backed by, and could only be redeemed for, gold. What might represent gold?
7. Yellow Brick Road represents the gold standard, a road that looks hopeful, but leads nowhere. Oz represents oz. or the abbreviation for ounce, the standard measure for gold. Yellow Brick Road and Oz
8. Farmers Faced low crop prices, high machinery prices, and high tariffs. Tariff - fees on imported goods that discourage buyers from purchasing imports Midwestern farmers were very pro-Populist. They wanted to increase money supply by backing dollars with silver. A silver standard would increase inflation and raise crop prices. Who represents the farmers?
9. Represented the struggling Midwestern farmer at the turn of the century In Baums version, Scarecrow rules Emerald City after Oz is dethroned. Baum predicted that farmers would gain political power. Scarecrow
10. Industrial Workers Eastern industrial workers were anti-Populist because they didnt want their wages cut due to inflation. Baum viewed these workers as victims who had become mechanized and dehumanized. Who represents the industrial workers?
11. Represented the urban industrial worker who was enslaved to heartless industries In making the Tin Man rule the West, Baum predicted that industry would move west. Tin Man
12. William Jennings Bryan Congressman from Nebraska who ran for President from the Populist party in 1896. A skilled orator--gave the Cross of Gold speech Advocated heavily for bimetalism. Who represents Bryan?
13. Represented William Jennings Bryan Described as having a loud roar, but little else--Bryan lost to McKinley by 95 electoral votes In having the Lion protect smaller beasts in a small old forest, Baum predicted that Bryan would return to Congress. Cowardly Lion
14. President William McKinley The Republican candidate in the 1896 race for Presidency--anti-Populist. Baum viewed McKinley as not being as powerful or wise as the facade that he put forth. Who represents McKinley?
15. The Oppressed Baum saw these people as slaves of the eastern banking and industrial interests. They were anti-Populist because they didnt want their wages to decline in value due to inflation. Who represented these oppressed people?
16. The little people in America whose power had been taken away by big business and industry The Munchkins were slaves to whom in the story? The Munchkins
17. Symbolizes large industrial corporations that Baum thought oppressed the little guy Wicked Witch of the West
18. Is thought to represent Americans, who Baum viewed as good-natured, but na誰ve. Dorothy
19. Represented the Prohibitionist Party. They were pro-Populist. Toto is a play on the term T-Totalers, or people who drank no alcohol. Toto
20. Thought to represent Washington, D.C. and the color of green American dollars. Emerald City
21. Was the Good Witch of the North, a pro-Populist region. Glenda the Good Witch
22. Showed Baums sympathy for the plight of Native Americans Once . . . We were a free people living happily in the great forest . . . This was many years ago before Oz came out of the clouds to rule over this land. Winged Monkeys
23. Key Terms Inflation - the greater the amount of money in print, the less the money is worth money in print = worth ex: baseball cards Deflation - purposely reducing the money supply so that the value of each dollar increases money in print = worth
24. Money supply - the amount of money in a nations economy; the greater the money supply, the less each dollar is worth As money supply , value of dollar (inflation) As money supply , value of dollar (deflation) Key Terms
25. Gold Standard - the government only produces a dollar if it possesses $1.00 worth of gold to back it up Populists - political party that demanded radical changes in federal, economic, and social policies Wanted to increase money supply--and cause inflation--by having a silver standard in addition to the gold standard Key Terms