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by stimulating the stagnant economy
It would increse the money supply.
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.
Bimetallism
Bimetallism
The political goal of farmers was lower prices for grain storage.
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.
The Farmers Supported Bietallism
Bimetallism and fair food prices
Bimetallism and fair food prices
It would put more money in circulation.
by stimulating the stagnant economy
because they were worth 2-4 million, which was enought for the farmers to buy.
It would put more money in circulation.
Fair prices for shipping(Apex)
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.