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Bimetallism could benefit farmers by stabilizing the value of their crops and reducing the risk of price fluctuations. With a system that recognizes both gold and silver as legal tender, farmers may have a more secure and predictable environment for their transactions and investments.
It would increse the money supply.
The political goal of farmers was lower prices for grain storage.
Bimetallism
The Farmers Supported Bietallism
Bimetallism is the use of both silver and gold as the basis of an economy as opposed to the use of one or the other or none. This would help the farmers and the farmers highly supported it because more money would be in circulation. Therefore the prices would rise, value of money decreases so more people would have money. A high percentage of the farmers were in debt. By increasing the amount of money, the overall value of money would go down, and the farmers would have an easier time paying off their debts.
Bimetallism and fair food prices
Bimetallism and fair food prices
Farmers could use the water to water the crops
It would put more money in circulation.
by stimulating the stagnant economy
because they were worth 2-4 million, which was enought for the farmers to buy.