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Subject The Secrets of Oz (documentary)
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THE WONDERFUL WIZARD OF OZ:
A MONEY REFORM PARABLE

The Wonderful Wizard of Oz by L. Frank Baum (Chicago, 1900) is a parable about Money Reform and the 1890s Midwestern political movement led by William Jennings Bryan (1860-1925); three times candidate for President of the United States (see his poster at bottom of this page). From 1891-1895 Bryan served in the House of Representatives, where he advocated the coinage of silver at a fixed ratio with gold, in order to break the bankers' monopoly and manipulation of the gold-backed currency.

L. Frank Baum was editor of a South Dakota newspaper and he wrote the first of his Oz series on Bryan’s second attempt in 1900.

Oz is short for ounce, the measure for gold and silver.

Dorothy, hailing from Kansas, represents the commoner.

The Tin Woodsman is the industrial worker, rusted as solid as the factories shut down in the 1893 depression. The Scarecrow is the farmer who apparently doesn’t have the wit to understand his situation or his political interests. The Cowardly Lion is Bryan himself; who had a loud roar but little political power.

The Good Witches represent the magical potential of the people of the North and the South.

After vanquishing the Wicked Witch of the East (the Eastern bankers) Dorothy frees The Munchkins (the little people). With the witch's silver slippers (the silver standard), Dorothy sets out on the Yellow Brick Road (the gold standard) to the Emerald City (Washington), where they meet the Wizard (the President), who appears powerful, but is ultimately revealed as an illusion; the real Wizard being just a little man who pulls levers behind a curtain.
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