answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the gold standard and which groups supported it?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who opposed gold standard?

the democrats opposed the gold standard. the republicans supported it.


What strongly supported the gold standard?

republicans


What was the gold standard and which groups of Americans supported it?

The gold standard was a system of money where the government owned and kept an amount of gold that was represented by the paper money issued. Paper money was called gold certificates and originally you could present the paper money and be given the stated face amount of gold for it. People like libertarians and strict constitutionalists supported the system, but the US stopped using it.


Who most strongly supported the gold standard?

Republicans... because McKinley ran on a platform of supporting the gold standard and high tariffs


Did Republican Party supported the gold standard in 1896?

yes


What did William Jennings Bryan promote?

In the 1896 US presidential election, Democratic candidate William Jennings Bryan was well known for supporting the silver standard, as opposed to Republican William McKinley's support of the gold standard. The gold standard meant that money was linked to the value of gold. Because of the gold standard, debtors rarely got out of debt because of continuous inflation. Bryan supported shifting the standard to silver, a cheaper metal that would give debtors greater chances to pay their debts. As a result, the silver producing states in the West and rural debtors supported Bryan. Bryan lost the election to McKinley.


What groups supported temperance?

WCTU


Who was the first to adopt the gold standard?

The gold standard was first adopted in Britain in 1821Read more: gold-standard


What groups supported Mary queen of Scots of her time?

The Catholics and the French supported Mary


What groups supported the federalist?

necessary and proper


What groups supported and which opposed tariffs?

business men supported and families opposed.


What political party favored free silver in the eightteen hundreds?

The Democratic Party In campaigning for The Election of 1896, William Jennings Bryan supported silver, rather than the gold standard, which William McKinley supported. McKinley won the election.