The Populist Party was one of the most significant third political parties in the history of the United States. In the 1890s, Populism grew among Midwestern and southern farmers who believed that the free coinage of silver would cause inflation, which would raise farm prices and thus benefit the depressed agricultural economy. The populist platform also advocated nationalization of railroads, a graduated income tax, and more direct citizen participation in government. In Montana, where silver mining was an important industry, miners backed the Populist Party, especially after the collapse of the silver market in 1893. William Jennings Bryan’s “Cross of Gold” speech countered the Republicans’ backing of the gold standard.
A button from William Jennings Bryan's 1896 campaign |
Montana elected three Populists to the state senate and thirteen to the house. Populism in Montana reached its peak in the presidential election of 1896 when Populists joined Democrats to back William Jennings Bryan for president. Bryan was an advocate of free silver coinage and spokesman for the cause of the poor man. Marcus Daly reportedly gave $50,000 to Bryan’s campaign and was its largest contributor. Butte and Anaconda especially embraced Bryan as a champion of the working man, the antithesis of wealth and power, and thus one of their own.
Library of Congress Prints and Photographs Division, cph 3f06263 http://hdl.loc.gov/loc.pnp/cph.3f06263 |
P.S. I'll be signing books at the Montana Historical Society tomorrow (November 8) from 11:00 until 1:00. Plus there will be tea and cookies. Hope to see you there!
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