What was populist idea of sub treasuries?

In 1890 Macune initiated a new concept called the Sub-Treasury Plan. This proposal called for the establishment of a network of government warehouses for the storage of non-perishable agricultural commodities (such as cotton), to be operated at minimal cost to participating farmers.

What were sub treasuries?

noun, plural sub·treas·ur·ies. a subordinate or branch treasury. (formerly) any of the branch treasuries maintained by the U.S. government.

What was the purpose of the sub-Treasury plan?

The Subtreasury Plan was among the leading political issues of the 1890s in North Carolina and other states. The plan sought to revolutionize credit and marketing arrangements for staple crops, particularly cotton.

What was the Subtreasury plan quizlet?

It allowed farmers to secure low-interest government loans and gave the farmers some latitude concerning when to sell. What was the purpose of the “subtreasury plan”? It allowed farmers to secure low-interest government loans and gave the farmers some latitude concerning when to sell.

Who was Mary Elizabeth leased quizlet?

Mary Elizabeth Lease was the child of immigrants and wife of a farmer, but most importantly she was the leader of the Populist Party. She campaigned for more rights for farmers out west.

Which president created an independent treasury?

President James K. Polk
President James K. Polk made the revival of the independent treasury and a reduction of the tariff the two pillars of his domestic economic program, and pushed both through Congress. He signed the Independent Treasury Act on August 6, 1846, one week after signing the Walker tariff.

What was the purpose of the sub Treasury plan quizlet?

What was the purpose of the “subtreasury plan”? It allowed farmers to secure low-interest government loans.

What does Subtreasury system mean?

noun A branch of the United States treasury, established for convenience of receipt of public moneys under the independent treasury system, and placed in charge of an assistant treasurer of the United States.