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Passed in the western states after the Civil War to regulate grain elevator and railroad freight rates and rebates and to address long and short haul discrimination and other railroad abuses against farmers |
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Frustrated farmers who wanted to nationalize the railroads, telephones, and telegraphs; instituting a graduated income tax; and creating a new federal "subtreasury". A scheme to provide farmers with loans for crops stored in government owned warehouses, where they could be held until market prices rose. |
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Given by Williams Jennings Bryan who was a presidential nominee who lost to McKinley. Democratic party wanted to standardize the value of the dollar to silver. The inflation that would result fromt he silver standard would make it easier for farmers and other debtors to pay off their debts by increasing their revenue dollars. He spoke about this. |
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1862 Allowed a settler to acquire as much as 160 acres of land (a quarter-section) by living on it for five years, improving it, and paying a nominal fee of about $30. |
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