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What group supported free coinage of silver in order to increase the money supply?
Wiki User
∙ 10y ago
farmers
Wiki User
∙ 10y ago
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Why did industrialists oppose the increase coinage of silver during the nineteenth century?
In my view, the industrialists feared that coinage of silver would increase the money supply and thereby lower interest rates to the benefit of the debtors, such as farmers, and the detriment of the creditors, such as the industrialists.
Why did industrialists oppose the increased coinage of silver during the nineteenth century?
In my view, the industrialists feared that coinage of silver would increase the money supply and thereby lower interest rates to the benefit of the debtors, such as farmers, and the detriment of the creditors, such as the industrialists.
Why did the industrialists oppose the increased coinage of silver during the nineteenth century?
In my view, the industrialists feared that coinage of silver would increase the money supply and thereby lower interest rates to the benefit of the debtors, such as farmers, and the detriment of the creditors, such as the industrialists.
What is Increase Supply?
Increase Supply means to have more of a specific supply on hand.
Why do you use silver to make coins?
Silver is a precious metal (like gold) and is recognized as having intrinsic value (that is, value as a metal rather than just value as an object) because of its rarity, beauty, and other physical properties, so silver coinage was a convenient way of standardizing that intrisic value (so that each person receiving that silver didn't have to weigh the coin and test its purity in order to determine the value received). Substantially all circulating coinage today is fiat money made from base metals - it has value because the government that issued it says it does, and not because the metal from which it is composed has value. That is, it does not have intrinsic value (at least, not as much intrinsic value as the face value of the coin). The reason for moving from silver to base-metal coinage has to do with both the rarity of silver (the demand for coinage exceeded the availability of the silver from which to produce it) and because of monetary policy (the desire to expand the money supply), the discussion of which is outside the question raised here.
Why did populists want the US to move from a currency backed by gold to one backed by gold and silver?
It would increase the supply of money.
Is An increase in supply is represented by a movement up the supply curve?
An increase in the supply is not represented by a movement up the supply cuve. A movement up supply curve is due to the increase in quantity supplied instead of the increase in supply. Alternatively, it can also be due to increase in the price of the goods that could lead to movement up the supply curve.
Why did Populists want the US to move from a currency backed by gold to one back by both gold and silver?
it ould increase the supply of money
Why did the populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Give three examples that cause supply to increase?
Three examples that cause supply to increase are overproduction, inflation and lack of demand. Lack of demand for supply can create the supply to increase eventually.
