And Toto? What does he represent? Huh?

I did not know this. The Wizard of Oz was...check that... may... have originally been meant as a political allegory.

After the cyclone violently rips Dorothy and her dog out of Kansas and drops them in the East, Dorothy sets out on the gold road to fairyland, which Baum calls Oz, where the wicked witches and wizards of banking operate. Along the way she meets the Scarecrow, who represents the American farmer; the Tin Woodman, who represents the American factory worker; and the Cowardly Lion, who represents William Jennings Bryan. The party's march on Oz is a re-creation of the 1894 march of Coxey's Army, a group of unemployed men led by 'General' Jacob S. Coxey to demand another public issue of $500 million greenbacks and more work for common people.

Marcus Hanna, the power behind the Republican party and the McKinley administration, was the wizard controlling the mechanisms of finance in the Emerald City. He was the wizard of the Gold Ounce--abbreviated, of course, to Wizard of Oz--and the Munchkins were the simpleminded people of the East who did not understand how the wizard and his fellow financiers pulled the levers and strings that controlled the money, the economy, and the government.

In the Emerald City ruled by the Wizard of Oz, the people were required to wear green-colored glasses attached by a gold buckle. Beyond the city, the Wicked Witch of the West had enslaved the Yellow Winkies, a reference to the imperialist aims of the Republican administration, which had captured the Philippines from Spain and refused to grant them independence.

In the end, all the good American citizens had to do was expose the wizard and his witches for the frauds they were, and all would be well in the bimetal monetary world of silver and gold. In the process, the farmer Scarecrow found out how intelligent he was, the lion found his courage, and the working Tin Man received a new source of strength in a bimetallic tool--a golden ax with a blade of silver--and he would never rust again as long as he had his silver oil can encrusted with gold and jewels.

Not so sure about that William Jennings Bryan as the Cowardly Lion bit.