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It would increase the supply of money.
it would increase the supply of money
Yes, as well as silver and the governments promise to pay. I would say no because it is not redeemable in silver or gold. To be backed by silver or gold would mean that you could cash it in for gold. This is why the value of our money has gone down because it is not backed by anything other than the government behind it. Since our government is Trillions in debt they can not guarantee the currency at all.
it ould increase the supply of money
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars. -It would increase the supply of money.
it was not backed by gold silver or landIt was not backed by gold, silver, or land.
16 oz of silver: 1 oz of gold
Because ponies.
gold coins were in greater supply that silver coins
It would increase the supply of money.
It would increase the supply of money.
It would increase the supply of money.
It would increase the supply of money.
it would increase the supply of money
it would increase the supply of money
Yes, as well as silver and the governments promise to pay. I would say no because it is not redeemable in silver or gold. To be backed by silver or gold would mean that you could cash it in for gold. This is why the value of our money has gone down because it is not backed by anything other than the government behind it. Since our government is Trillions in debt they can not guarantee the currency at all.
contintal