The Yellow Brick Road Case Study

1001 Words3 Pages

A) Why did the dramatic 23% decrease in the price level (which is a measure of the average price of goods and services in our economy) cause a major inequity in the national economy of the late 19th century?
The dramatic price level decrease in the late 19th century, which is closely related to the “Panic of 1873 and 1893”, caused a major inequity in the national economy. During this depression unemployment skyrocketed, stock prices fell, thousands of businesses, banks, railroads and farms ceased operation, leaving thousands of people poor and on the brink of starvation. This is also a popular time for soup kitchens, prostitution.
B) Who benefitted most from this economic deflation and why? .... Who was hurt most by this deflation …show more content…

The Four main characters journey can be seen as the populist journey to Washington to acquire the power they desire, all thanks to the glowing path of the yellow brink road. In the Story the silver shoes are powerful, just like the populist want the Silver coin to be. The silver shoes carry Dorothy along the yellow brink road (the gold standard) proving it has a lot of worth. The populist movement of “Free silver” can be parallel to Dorothy’s silver slippers and is her way home. She must not loose the slipper, for they man land the hands of the wrong person. In the end, all the characters realized they had what they were missing all along which could mean that they never really needed the slippers all along. The ending scene is shows Dorothy waking up without wearing the slippers. E) Reflecting now on today's current populist movement ... Are there any similarities or differences to that movement of the late 19th century? Explain ... Does today's historic economic inequality need a populist "fix" to redistribute the wealth of our country ... If not, explain why ... If so, explain how that might be accomplished

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