0
How would bimetallism help the economy according to its support?
Wiki User
∙ 8y ago
by giving people either gold or silver in exchange for paper currency or checks
Karen Luettgen
Add your answer:
Earn +20 pts
How would bimetallism help the economy according to farmers or supporters?
by stimulating the stagnant economy
How would bimetallism benefit farmers?
It would increse the money supply.
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.
What would be the best according to Adam smith?
a free economy
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
How would bimetallism help the economy according to farmers or supporters?
by stimulating the stagnant economy
Why did the plains farmers In the 1800s support bimetallism?
It would put more money in circulation.
Why did plains farmers in the late 1800s to support bimetallism?
It would put more money in circulation.
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.
How would bimetallism benefit farmers?
It would increse the money supply.
Bimetallism would allow for the exchange of paper currency for?
either gold or silver
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.
What would be the best according to Adam smith?
a free economy
How would you use bimeattlism in a sentence?
Bimetallism was a monetary system that died in the late 19th century in the US.
Which is true the policy of bimetallism?
Farmers wanted it , because it would make money more available. AP3X
What was a monetary system in which the government would give people silver and gold in exchange for paper currency?
bimetallism
Why would national leaders support large transportation system?
It was a way to get goods to markets faster and cheaper, which would help the economy.
