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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 farmers support bimetallism or free silver in the late 1800?
In the late 1800s, a political party emerged known as the Populists that was comprised dominantly of farmers. This group wanted the free and unlimited coinage of silver. Led by William Jennings Bryan, the Democratic nominee for the 1896 election, free silverites demanded inflation of the silver coin. The farmers supported bimetallism or free silver in the late 1800s because many of them were struggling to make ends meet, and the inflation of silver would add much needed financial respite. For example, if one were to borrow two dollars in gold, this sum could be paid back in two dollars of silver. Silver and gold, under a Populist notion, are considered equal. Yet silver is NOT equivalent to gold, and the true worth of the debt repaid in silver would be equivalent to one dollar.
What was a goal for farmers in the 1800s?
Lower prices for grain storage was a political goal for farmers in the 1800s.
Where do farmers live in 1800s?
Most farmers actually lived in the south.
What was the situation for farmers in the late 1800s?
Prices for crops decreased, and costs for farmers increased
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.
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
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.
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 monetary policy did the populists support?
Bimetallism
Why did farmers support bimetallism or free silver in the late 1800?
In the late 1800s, a political party emerged known as the Populists that was comprised dominantly of farmers. This group wanted the free and unlimited coinage of silver. Led by William Jennings Bryan, the Democratic nominee for the 1896 election, free silverites demanded inflation of the silver coin. The farmers supported bimetallism or free silver in the late 1800s because many of them were struggling to make ends meet, and the inflation of silver would add much needed financial respite. For example, if one were to borrow two dollars in gold, this sum could be paid back in two dollars of silver. Silver and gold, under a Populist notion, are considered equal. Yet silver is NOT equivalent to gold, and the true worth of the debt repaid in silver would be equivalent to one dollar.
How would bimetallism help the economy according to farmers or supporters?
by stimulating the stagnant economy
What did William Jennings Bryan support?
laizze fair
