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Why did plains farmers in the late 1800 tend to support the use silver and gold to back currency?
Wiki User
∙ 7y ago
It would put more money in circulation.
Wiki User
∙ 13y ago
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Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
Who were most likely to support William Jennings Bryan in the election of 1896?
People who would support William Jennings Bryan would be most likely farmers and people who supported the use of silver for money and not only the use of the gold standard.An evangelical ProtestantA small farmer in KansasNevada silver minerspopulistscotton farmers
What was the paper currency that could be cashed for gold and silver coins called in Colonial America?
The paper currency that could be exchanged for gold and silver coins were known as Bills of Credit.
What was the currency during the revolutionary war that was not blocked by gold and silver?
the continental
Which of the populists policies undermind its attempts to appeal to urban workers?
Its support for coining silver.
Which currency standard did Populists support?
silver
Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
What types of groups in the gilded age did NOT support increased coinage of silver?
Farmers
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.
Who were most likely to support William Jennings Bryan in the election of 1896?
People who would support William Jennings Bryan would be most likely farmers and people who supported the use of silver for money and not only the use of the gold standard.An evangelical ProtestantA small farmer in KansasNevada silver minerspopulistscotton farmers
Why did western farmers wanted free silver?
why did western farmers want free silver?
How would bimetallism help the economy according to its support?
by giving people either gold or silver in exchange for paper currency or checks
Who gave the most support to the free silver campaign of 1896?
farmers, who thought that a larger money supply would ease their bebt.
Those who advocated soft currency and silver coinage were actually calling for?
Those who advocated soft currency and silver coinage were actually calling for a monetary system that relied more on the value of silver in relation to paper currency. They believed that this would provide stability in the economy and protect against inflation. Additionally, they believed that silver coinage would benefit working-class individuals who had limited access to gold coins.
What was the reason for the currency act?
Britain's rationale for enacting the Currency act of 1764 was to support British merchants, and therefore benefit the British economy. And also to increase the gold and silver reserves in Great Britain, which were running very low on this nonpaper money currency.
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
What was british reason for creating the currency act?
Britain's rationale for enacting the Currency act of 1764 was to support British merchants, and therefore benefit the British economy. And also to increase the gold and silver reserves in Great Britain, which were running very low on this nonpaper money currency.
