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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.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoFarmers wanted the ability to coin silver for free to decrease the need for storing the silver they had in banks. This was due to the problems caused with banks during the Great Depression and the believe that inflation would drive up the value of their silver.
Wiki User
∙ 13y agofarmers wanted silver to be mined freely (no limits) so their debts could be paid off more easily
Wiki User
∙ 13y agoThe money would be worth more and help pay off loans faster.
Wiki User
∙ 11y agopaper only may be good to wipe with if not valued with support from valued metal. supper inflation if standard are changed in world market value change.
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Why did western farmers wanted free silver?
why did western farmers want free silver?
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 European traders treat native Americans better then farmers?
cuz they want to
What did the Northern Farmers' Alliance want a national alliance to include?
Afrian American members
Why did American's want slaves?
Usually farmers wanted slaves because they had alot of land and needed much help to plant and harvest the crops
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?
Why did farmers want inflation?
Inflation would help pay off loans Inflation would help pay off loans
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 farmers want the federal government to use silver money in addition to gold?
They owned silver mines and would get rich when the government bought their silver
Why did farmers want currency backed by silver?
so that if the dollar ceases to exist, then silver would be worth more; it's also a good investment.
Should you purchase silver coins or bars?
Whether you should purchase silver coins or silver bars depends on why you are purchasing silver. If you are a coin collector or want silver items that make a pleasing display, coins are probably preferable. If you are purchasing silver as a hedge against inflation, you may prefer bars, but may want to consider the security of where you will keep them.
What did the populist party want from the government?
There were a few things hat the populist party wanted. The items that the party wanted were, a secret ballot, an election for senators, an income tax, to oppose legislature votes, free coinage of silver, farmers to get the money back that they paid on loans, and the railroad system, telephone system, and telegraph system to be owned by the public.
Did president Reagan want to raise the inflation rate?
No
What characteristics do farmers want there cattle to have?
Farmers want their cattle to produce high quality meat and a high milk yield
Why would you want to visit farmers branch?
you would want to visit farmers branch because it has a lot of activities to do with the families and a lot of games
Any idea which are the most affected countries due to inflation?
You might want to check out Zimbabwe's inflation rate and check out what is happening in that country at the moment. latest inflation rate 2.3million% most places run at 4%
