Both populism and the New Deal sought to improve the living conditions for the working poor and middle class. The populist movement at the turn of the twentieth century sought to allow the coinage of both gold and silver. This would increase the money supply and make it easier for farmers to get credit. The populist movement was more important in agricultural sections of the country and this is why it ultimately failed in achieving its purposes: it could not lure urban city workers to join.
The New Deal was more comprehensive than the populist movement, and it had something for all members of society. For reformers, it had federal deposit insurance and the Glass–Steagall Act. For farmers, it had the Agricultural Adjustment Act. For seniors, it had the Social Security Act. For industrial workers, it had the National Industrial Recovery Act. While these acts were controversial in that the federal government was going farther into people's lives than ever before, most embraced these measures due to the desperation felt all over the country.
Saturday, March 28, 2015
How was populism the same or different from the New Deal?
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