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What group supported bimetallism?
The Farmers Supported Bietallism
What policies did both farmers and Populists support?
Bimetallism and fair food prices
Why did the populist argue for bimetallism?
gold coins were in greater supply that silver coins
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.
William Jennings Bryan was called the ''silver-tongued orator'' for the Populist Party on what particular issue?
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.
Political goal for farmers?
The political goal of farmers was lower prices for grain storage.
Why did western farmers wanted free silver?
why did western farmers want free silver?
How would bimetallism benifit farmrrs?
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.
What were some of the political goals for farmers?
Bimetallism
William jennings Bryan supported the cause of what in the 1896 presidential election?
Nevada silver miners
Why did farmer want free silver?
why did western farmers want free silver?
What group supported bimetallism?
The Farmers Supported Bietallism
What is the use of gold and silver as monetary units?
Bimetallism.
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
Use of both gold and silver as monetary units?
Bimetallism
