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How would bimetallism help the economy according to farmers or supporters?
Wiki User
∙ 11y ago
by stimulating the stagnant economy
Wiki User
∙ 11y ago
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How did bimetallism benefit farmers?
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.
How would bimetallism benefit farmers?
It would increse the money supply.
What economy was strong when most people were farmers?
bater economy
This economy was especially strong when most people were farmers?
Traditional
What was the economy like in Pennsylvania in the 1600's?
the economy in Pennsylvania was easy for farmers who would sell their own crops at the market
Why did the plains farmers favor bimetallism?
Farmers supported bimetallism simply because more money would be in circulation. Therefore, the prices would rise, value of money would decrease, so more people would have money. In the 1800's, farmers had a rough time with debt, therefore more money would mean the value would decrease.
Political goal for farmers?
The political goal of farmers was lower prices for grain storage.
What were some of the political goals for farmers?
Bimetallism
What group supported bimetallism?
The Farmers Supported Bietallism
What policies did both farmers and Populists support?
Bimetallism and fair food prices
What policies did both farmers populists support?
Bimetallism and fair food prices
How did bimetallism benefit farmers?
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.
Why did the plains farmers In the 1800s support bimetallism?
It would put more money in circulation.
Why did Plains farmers in late 1800's support bimetallism?
because they were worth 2-4 million, which was enought for the farmers to buy.
Why did plains farmers in the late 1800s to support bimetallism?
It would put more money in circulation.
Which of these was a political goal for farmers?
Fair prices for shipping(Apex)
How would bimetallism benifit farmrrs?
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.
