Introduction: The Wizard of Oz is one of the most classic and timeless children's books of all time. It was written by L. Frank Baum in 1900, a time when the Populist movement was collapsing and a depression was taking hold. America was turning to its leaders for help, but it wasn't exactly getting the sure answer they needed. It has been speculated that The Wizard of Oz is not only a fantastic children's novel, but also a secret parable about populism and American monetary policy. Dorothy and the Silver Slippers: The entire story of The Wizard of Oz centers around Dorothy and her silver slippers, although they were changed to ruby ​​in the film to showcase the wonders of technicolor in the film. Once the color of the shoes changed from silver to ruby, all the symbolism was lost. The silver shoes represent the desire of populist parties to obtain silver as the national currency. Dorothy herself represents the average, kind-hearted, populist American growing up in Kansas, the heartland. Scarecrow: The first character Dorothy meets on her journey, the Scarecrow, may be the most obvious form of symbolism in the story. He represents the typical Midwestern farmer who was thought to be ignorant, but was actually much smarter than the central bank realized. The Scarecrow thought very little of himself. He often complained about not having a brain, but ended up being the most skilled problem solver among the four travelers. The scarecrow, just like the farmers of the Midwest, was ignorant of many things about the city but since then he had many things in common and still managed to understand with little education. Tin Man: The second character Dorothy meets on her journey is the Tin Man. He represented the industrial workers who had... half the paper... ld City. Once they arrive, however, they are surprised to discover that the real Wizard wasn't all that great. He was just an ordinary man hiding behind a curtain and rope. The Wizard can be compared to the central bank. Another strange similarity between the two is the Wizard and the bank is the word Oz. Oz not only represents the Wizard himself, but is also the standard for measuring gold. Conclusion: After becoming wealthy from the profits of his novel, L Frank Baum lost interest in American politics. And although the evidence of the brilliant parable is clear, he never actually admitted the secret symbolism throughout The Wizard of Oz. Many fans still maintain that none of this is true, that the classic fairy tale is nothing more than a creative and captivating children's story. The true meaning of the stories can now only be decided by the individual reader. believe