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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?
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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
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 Populist support free silver?
Because they were for inflation, and many of the comprised of poor individual farm hands and farmers who were debt ridden and over worked by the rates of the railroads and banker's interest rates. With inflation, real debt was actually lower than deflation (which they were in during the gold standard)
Why did the farmers want silver coinage and inflation?
silver coinage induced inflation which was beneficial to the farmers because it allowed farmers to pay loans of quicker and loans themselves were easier to acquire with the larger supply of money.
What party did the populist party support to raise crop prices?
the coinage of "free silver"
