0
What else can I help you with?
Why did western farmers wanted free silver?
why did western farmers want free silver?
Why did farmer want free silver?
why did western farmers want free silver?
Who gave the most support to the free silver campaign of 1896?
farmers, who thought that a larger money supply would ease their bebt.
Why did farmers support free siver?
If you want to be free technical support please visit it-helpline.org
What is the best explanation of free silver?
Free silver was a late 19th-century political issue advocating for unrestricted coinage of silver to increase the money supply and aid debtors, particularly farmers and miners. Advocates argued that a bimetallic standard would alleviate deflation and help stimulate economic growth during a period of economic hardship.
Why did the populist party support free silver?
yes, it did they are the ones that wanted it to happen. the populist party was made up of farmers and farmers wanted it so they could pay of their debt
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 group supported free coinage of silver in order to increase the money supply?
farmers
What were the agruments for and against free silver?
Proponents of free silver argued that it would increase the money supply, leading to inflation that would benefit farmers and debtors by making it easier to pay off loans. They believed it would stimulate economic growth and provide relief during economic downturns. Conversely, opponents contended that free silver would destabilize the economy, lead to rampant inflation, and undermine the gold standard, which they saw as a foundation for financial stability. They argued that a bimetallic standard would create uncertainty in international trade and investment.
Western farmers wanted free silver because they felt it would?
Increase crop prices.
Who Favored free coinage of silver?
The southerners and the westerners primarily favored the free coinage system.
Why did populists want the US to move from a currency backed by both gold and silver?
Populists advocated for a shift from a gold and silver-backed currency to a system primarily based on silver because they believed it would increase the money supply, stimulate economic growth, and help struggling farmers and laborers. They argued that a bimetallic standard favored wealthy elites and banks, while a silver standard would empower the working class and alleviate debt burdens. By promoting "free silver," populists sought to combat deflation and ensure more accessible credit for the average American.
