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Baum, a journalist at the time in Chicago, is supposed to have composed the Wizard of Oz as an allegory depicting these events. Thus, according to this interpretation, Dorothy (representing America and her honest values) wearing silver shoes (representing the free silver coinage) recruits the Scarecrow (representing the American farmer), the Tin Man (representing the American worker), and the Cowardly Lion (William Jennings Bryan), to accompany her on the yellow brick road (representing the gold standard) to the Emerald City (Washington, D.C.) to plead with the Great Wizard (the Democratic president Grover Cleveland) of Oz (an ounce of gold) for free silver coinage. In the process, Dorothy and her companions also battle the Wicked Witch of the West (William McKinley, the Republican presidential nominee in 1896). Unlike the Democrats, McKinley was against abandoning the gold standard in favor of a more expansionary bimetallist (gold and silver) system. As it turned out, however, the issue of the silver coinage became moot with the new gold discoveries in Alaska in the 1890s, which served to undermine the Democratic platform and, thus, to cost the Democrats the US presidency both in 1896 and 1900.
Maybe this is a known thing, but it's the first I'm hearing it.
Are there any records that the author actually thought this way? I say this because I was familiar with the version featuring the ruby slippers. Of course, that doesn’t stop an allegory like this from being made anachronistically in any era. Just like it doesn’t stop us from using Alice in Wonderland and its allegories as metaphors for discovering the backstage of the monetary system and government.
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I have heard about this for years. Just two weeks ago I had a conversation with an old friend about it. He is an interesting guy. He is obsessed with Baum and the Wizard of Oz. I brought up the allegory theory to him. He insists it's not true. He has researched Baum extensively and said that there is no evidence that he had any interest in the monetary debates of the day. He apparently has given lectures on the subject. I'm going to try to find these lectures to get more details.
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Looks like @mo posted about something similar #236161
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Yeah, it’s a classic interpretation among historians and economists! Baum’s The Wizard of Oz as a monetary allegory for the 1890s silver vs. gold debate is fascinating. The symbolism fits well once you know the context — like Dorothy’s silver shoes and the gold standard road. Definitely worth a deeper read if you like historical allegories in literature!
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