Eastern Bankers: The Wicked Witch Of The East

The Eastern Bankers corresponded with The Wicked Witch of the East from the Wonderful Wizard Of Oz. The Wicked Witch of the East had the same events as the Eastern Bankers such as when the Eastern Bankers ,Enslaved Farmers with their incredibly high interest rates on loans. The goal that the Wicked Witch Of The East had was that she wanted people to fear her and tremble in her presence. She also wanted to gain the ultimate power .The Wicked Witch Of The East stood for the Eastern Bankers.The reason why the Eastern Bankers were in the condition that they were in was because in the year 1890 a combination of pressure sharply reduced the amount of gold in the U.S treasury,precipitating a panic in the spring of 189 . Conversations charged the Sherman Act That cause the panic, and in the summer of 1893 congress repealed that Act …show more content…
Farmers in the south and west condemned this action,blamed the greed eastern bankers for the depressed state of the economy, and resumed their demand for the unlimited coinage of silver .The Eastern were affected negatively by the politics of the early