02 Jan '13 14:13>
The Wonderful Wizard of Oz, written in 1900, is thought by some to be a parable for the Populist campaign of William Jennings Bryan, who ran for president on the 'Free Silver' platform (first in 1896) - vowing to replace the gold standard with a bimetallic system that would allow for currency to be backed by silver as well as gold at the rate of 16 ounces to 1. The idea was to increase the money supply to help alleviate the burden on debtors. The measure was opposed by creditors who wanted to maintain a tight money supply.
The theory was first proposed by Harry Littlefield in the 1960s and although it is certainly open to dispute the argument is an interesting one. The main elements are as follows:
• The cyclone at the beginning represents the Populist political movement which swept over the US in the 1890s.
• Dorothy represents the Midwestern farm families that were facing a massive wave of foreclosures following the panic of 1893.
• The Scarecrow represents farmers (who didn't have the brains to avoid the debt trap).
• The Tin Man represents industrial workers (who didn't have the heart to act in solidarity with the farmers).
• The Cowardly Lion represents either the political class (who didn't have the courage to intervene), or William Jennings Bryan himself, who was ridiculed by Republicans as being indecisive and cowardly.
• The Yellow Brick Road represents the gold standard.
• The Silver Slippers (they were silver in the book, not ruby) represents the Free Silver movement.
• The Wicked Witches of the East and West represent the evil railroad and oil barons of the West and the banking interests of the East.
• The Good Witches of the North and South represent Southern farmers and Northern industrial workers.
• The Wizard represents the President (not a very good wizard).
• Oz, of course, is the standard abbreviation for ounces, as in 16 oz. of silver to 1 oz. gold in the proposed bimetallic system.
• The poppy fields represent the anti-imperialism of William Jennings Bryan, which threatened to distract him from the Free Silver platform.
• Following the road of gold leads eventually only to the Emerald City, which may symbolize the fraudulent world of greenback paper money that only pretends to have value.
So there you have it. Who knew that this seemingly simple tale possibly contains a nod to the Populist rabble rousing of the 1890s?
The theory was first proposed by Harry Littlefield in the 1960s and although it is certainly open to dispute the argument is an interesting one. The main elements are as follows:
• The cyclone at the beginning represents the Populist political movement which swept over the US in the 1890s.
• Dorothy represents the Midwestern farm families that were facing a massive wave of foreclosures following the panic of 1893.
• The Scarecrow represents farmers (who didn't have the brains to avoid the debt trap).
• The Tin Man represents industrial workers (who didn't have the heart to act in solidarity with the farmers).
• The Cowardly Lion represents either the political class (who didn't have the courage to intervene), or William Jennings Bryan himself, who was ridiculed by Republicans as being indecisive and cowardly.
• The Yellow Brick Road represents the gold standard.
• The Silver Slippers (they were silver in the book, not ruby) represents the Free Silver movement.
• The Wicked Witches of the East and West represent the evil railroad and oil barons of the West and the banking interests of the East.
• The Good Witches of the North and South represent Southern farmers and Northern industrial workers.
• The Wizard represents the President (not a very good wizard).
• Oz, of course, is the standard abbreviation for ounces, as in 16 oz. of silver to 1 oz. gold in the proposed bimetallic system.
• The poppy fields represent the anti-imperialism of William Jennings Bryan, which threatened to distract him from the Free Silver platform.
• Following the road of gold leads eventually only to the Emerald City, which may symbolize the fraudulent world of greenback paper money that only pretends to have value.
So there you have it. Who knew that this seemingly simple tale possibly contains a nod to the Populist rabble rousing of the 1890s?