0
What else can I help you with?
Why did farmers pushed for currency reform?
They hoped to cause inflation.
How does inflation affect farmers?
Effects of inflation on Farmers:The price of farm products goes up faster than costs. Costs lag behind prices of product received by the farmers. It has been observed in India that inflationary tendencies during war and post-war periods have helped farmers in paying off their old debts. Moreover, farmers are generally debtors and have to pay less in real terms, while the land revenue, taxes, etc., do not rise much. Thus farmers generally gain during the periods of inflation.
How could inflation be good for farmers when it made dollars worth less?
Inflation is good for farmers because they will be able to raise their prices high due to the scarcity of what they sale. Almost in an auction sort of way to see who will buy their crops.
Why did farmers want greenback currency?
Farmers wanted greenback currency because it was a form of paper money that they believed would help alleviate their financial struggles during the post-Civil War economic downturn. Greenbacks, issued by the U.S. Treasury, were not backed by gold or silver, which meant they could increase the money supply and potentially lead to inflation. This inflation would benefit farmers by raising the prices of their crops, making it easier for them to pay off debts. Additionally, the availability of more currency would help stimulate the economy and improve access to credit.
Why did farmers favored inflation?
there was a decrease in the buying power of the dollar, brought about by too much money in circulation
What were the farmers and populist party in favor of?
inflation
Why did farmers pushed for currency reform?
They hoped to cause inflation.
What did not intensify the debts the plains farmers had during the late 1800s?
inflation
Why did farmers push for currency reform in the 20th century?
They hoped to cause inflation.
How could inflation be good for farmers when it made dollars worth less?
Inflation is good for farmers because they will be able to raise their prices high due to the scarcity of what they sale. Almost in an auction sort of way to see who will buy their crops.
How does inflation affect farmers?
Effects of inflation on Farmers:The price of farm products goes up faster than costs. Costs lag behind prices of product received by the farmers. It has been observed in India that inflationary tendencies during war and post-war periods have helped farmers in paying off their old debts. Moreover, farmers are generally debtors and have to pay less in real terms, while the land revenue, taxes, etc., do not rise much. Thus farmers generally gain during the periods of inflation.
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.
Why was Currency reform was an important issue to agrarian activists?
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
What is the value of a thousand dollars in 1899 worth today?
Because of inflation it would be worth about $25853.94 but this is only an estimate inflation rates for decades were based on what farmers were payed which could fluctuate for a number of reasons.
Did president Reagan want to raise the inflation rate?
No
Why did farmers waste truck loads of milk during the great depression?
Farmers wasted their milk so they could decrease inflation on the milk. Less milk + popular demand = more expensive milk
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)
