APUSH AMSCO CHAPTER 19 EXAM
REPORTED QUESTIONS WITH
CORRECT ANSWERS
Wilson-Gorman Tariff of 1894 - Answer- ...-provided a moderate reduction in tariff
reduction rates -included 2% income tax on incomes more than $2,000
Dingley Tariff of 1897-46.5% - Answer- ...-increased tariff 46% -made gold the official
standard currency of the US in 1900
"hard" money vs. "soft" money - Answer- ...hard=backed by gold, supported by bankers,
creditors, investors, established businesses -soft=greenbacks, supported by debtors,
farmers, start-up businesses
banks, creditors vs. debtors - Answer- ...Wanted hard money to avoid inflation VS
Wanted easy money to 1)borrow money at low interest rates 2)pay off loans easier with
inflated dollars
Panic of 1873, "Crime of '73" - Answer- ...-Over-enterprising, when profits failed to
materialize, loans went unpaid, and caused the bust -economic strains on
blacks+debtors -controversies over soft v. hard $
Specie Resumption ACt of 1875 - Answer- ... -withdrew all greenbacks from circulation
Greenback party - Answer- ...campaigned for expansion of paper money -would benefit
working people, whereas hard money benefited only the rich -party died out 1870s
during hard times
James B. Weaver - Answer- ...populist candidate for president -won 1 mill votes+22
electoral votes, (one of the few 3rd parties to get electoral votes)
Bland-Allison Act of 1878 - Answer- ...allowed limited coinage of $2mill-$4mill in silver
each month -16:1 silver:gold
Sherman Silver Purchase Act of 1890 - Answer- ...-increased the coinage of silver, but
too little to satisfy miners and farmers
run on gold reserves, JP Morgan bail out repeal of Sherman Silver Purchase Act -
Answer- ...Decline in silver prices encouraged investors to trade for gold -gold
reserves=dangerously low=repeal
, repeal of Sherman Silver purchase Act - Answer- ...Decline in silver prices encouraged
investors to trade for gold -gold reserves=dangerously low=repeal
election of 1888, Harrison "Billion Dollar Congress" - Answer- ...Cleveland (Demo.) =
low tariff -Harrison (Repub.) = high tariff -Repubs argue lower tariff=wreck businesses
prosperity -Harrison won in electoral college (not popular vote
-republicans controlled congress+presidency -congress=most active, passing the 1st
billion dollar budget in US history
rise of the Populist Party - Answer- ...made up of farmers, greenbacks, laborers,
grangers -Omaha platform 1892
Farmers' Alliances in South an dESt - Answer- ...More political than Granges -opposed
tariffs+wanted financial reforms -emerged into the populist party
Alliance of whites and blacks in South - Answer- ...raWatson appealed to poor farmers
of both races to unite on their common economic grievances by joining the People's
Party
dical populist leader whose early success turned sour -became a vicious racist
Thomas Watson - Answer- ...radical populist leader whose early success turned sour -
became a vicious racist
reformers vs. rasism in South - Answer- ...-populist movements were biracial,
southerners felt threatened by black power -push harder to limit political rights future
democratic reforms: income tax, direct election of senators, secret ballot
Omaha Platform - Answer- ... 1)direct popular election of senators 2)use of
initiatives+referendums 3) unlimited coinage of silver to increase $ supply 4)graduated
income tax 5)public ownership of railroads by the US govt 6)telephone systems
owned+operated by the govt 7)loans+fed warehouses for farmers 8)8 hour work day for
industrial workers
government regulation and ownership - Answer- ...
election of 1892, Cleveland returns - Answer- ... -populist party lost badly -Cleveland
beat Harrison bc of the unpop. high-tax McKinley Tariff -1st+only pres to return to White
House after leaving it
Panic of 1893 - Answer- ...-stock market crashed from over speculation+dozens of
railroads went bankrupt due to overbuilding -4yrs w/ farms foreclosing, unemployment in
20% of workforce -Cleveland took a hands-off policy towards economy+let it play its
course
REPORTED QUESTIONS WITH
CORRECT ANSWERS
Wilson-Gorman Tariff of 1894 - Answer- ...-provided a moderate reduction in tariff
reduction rates -included 2% income tax on incomes more than $2,000
Dingley Tariff of 1897-46.5% - Answer- ...-increased tariff 46% -made gold the official
standard currency of the US in 1900
"hard" money vs. "soft" money - Answer- ...hard=backed by gold, supported by bankers,
creditors, investors, established businesses -soft=greenbacks, supported by debtors,
farmers, start-up businesses
banks, creditors vs. debtors - Answer- ...Wanted hard money to avoid inflation VS
Wanted easy money to 1)borrow money at low interest rates 2)pay off loans easier with
inflated dollars
Panic of 1873, "Crime of '73" - Answer- ...-Over-enterprising, when profits failed to
materialize, loans went unpaid, and caused the bust -economic strains on
blacks+debtors -controversies over soft v. hard $
Specie Resumption ACt of 1875 - Answer- ... -withdrew all greenbacks from circulation
Greenback party - Answer- ...campaigned for expansion of paper money -would benefit
working people, whereas hard money benefited only the rich -party died out 1870s
during hard times
James B. Weaver - Answer- ...populist candidate for president -won 1 mill votes+22
electoral votes, (one of the few 3rd parties to get electoral votes)
Bland-Allison Act of 1878 - Answer- ...allowed limited coinage of $2mill-$4mill in silver
each month -16:1 silver:gold
Sherman Silver Purchase Act of 1890 - Answer- ...-increased the coinage of silver, but
too little to satisfy miners and farmers
run on gold reserves, JP Morgan bail out repeal of Sherman Silver Purchase Act -
Answer- ...Decline in silver prices encouraged investors to trade for gold -gold
reserves=dangerously low=repeal
, repeal of Sherman Silver purchase Act - Answer- ...Decline in silver prices encouraged
investors to trade for gold -gold reserves=dangerously low=repeal
election of 1888, Harrison "Billion Dollar Congress" - Answer- ...Cleveland (Demo.) =
low tariff -Harrison (Repub.) = high tariff -Repubs argue lower tariff=wreck businesses
prosperity -Harrison won in electoral college (not popular vote
-republicans controlled congress+presidency -congress=most active, passing the 1st
billion dollar budget in US history
rise of the Populist Party - Answer- ...made up of farmers, greenbacks, laborers,
grangers -Omaha platform 1892
Farmers' Alliances in South an dESt - Answer- ...More political than Granges -opposed
tariffs+wanted financial reforms -emerged into the populist party
Alliance of whites and blacks in South - Answer- ...raWatson appealed to poor farmers
of both races to unite on their common economic grievances by joining the People's
Party
dical populist leader whose early success turned sour -became a vicious racist
Thomas Watson - Answer- ...radical populist leader whose early success turned sour -
became a vicious racist
reformers vs. rasism in South - Answer- ...-populist movements were biracial,
southerners felt threatened by black power -push harder to limit political rights future
democratic reforms: income tax, direct election of senators, secret ballot
Omaha Platform - Answer- ... 1)direct popular election of senators 2)use of
initiatives+referendums 3) unlimited coinage of silver to increase $ supply 4)graduated
income tax 5)public ownership of railroads by the US govt 6)telephone systems
owned+operated by the govt 7)loans+fed warehouses for farmers 8)8 hour work day for
industrial workers
government regulation and ownership - Answer- ...
election of 1892, Cleveland returns - Answer- ... -populist party lost badly -Cleveland
beat Harrison bc of the unpop. high-tax McKinley Tariff -1st+only pres to return to White
House after leaving it
Panic of 1893 - Answer- ...-stock market crashed from over speculation+dozens of
railroads went bankrupt due to overbuilding -4yrs w/ farms foreclosing, unemployment in
20% of workforce -Cleveland took a hands-off policy towards economy+let it play its
course
