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What solution did the populist farmers propose for their problems?
The populists proposed unlimited coinage of silver at a ratio of sixteen to one, a graduated income tax, and government control of the telephone, telegraph, and railroads.
What is the value of an 1899 Federal Reserve 2 dollar silver certificate?
Please see the question "What is the value of an 1899 US 2 dollar silver certificate?"The Federal Reserve System wasn't established until 1914.Silver certificates were issued directly by the Treasury and weren't connected to the Federal Reserve Bank.
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.
Why did farmers oppose the gold standard?
In the United States, bimetallism (gold vs silver) became a center of political conflict toward the end of the nineteenth century. Newly discovered silver mines in the American West caused an effective decrease in the value of money. In 1873, in order to de-monetize silver, the government passed the Fourth Coinage Act, just as these silver resources were beginning to be exploited. Proponents of monetary silver, known as the Silverites, referred to this act as "The Crime of '73," as it was judged to have inhibited inflation. Instead deflation resulted, causing problems for farmers with large mortgages who found they could sell their goods for only a fraction of their post-Civil War price. In addition, improvements in transport meant it was cheaper for farmers to ship their grain to Europe, and they over-expanded production until there was a glut on the market. The Panic of 1893 was a severe nationwide depression that brought the money issue to the fore. The "silverites" argued that using silver would inflate themoney supply and mean more cash for everyone, which they equated with prosperity. The gold advocates said silver would permanently depress the economy, but thatsound money produced by a gold standard would restore prosperity.
What is the difference between Federal Reserve Notes and a US Note and a Silver Certificate?
US Notes were among the first forms of currency issued by the Treasury Department. They first appeared in 1862 during the Civil War, and were printed up till 1968, although the last ones were actually dated 1966. US Notes were issued directly by the Treasury and were distinguished by their red seals and serial numbers.When the Federal Reserve System was established in the early 20th centiry, it was given the authority to issue paper money as well. Even though the Fed is connected to Treasury Department, it's a quasi-independent part of the government. Federal Reserve Notes are printed for and distributed by each Federal Reserve district, so they're actually only indirectly from the Treasury.By the mid-1960s the vast majority of bills in circulation were FRNs. Silver certificates were no longer redeemable in metal, so it made no sense to incur the production costs of multiple parallel types of currency. Both silver certificates and US Notes were discontinued and from that point on all bills were issued only as green-seal FRNs.
What is the FR number on a silver certificate?
There aren't any Federal Reserve indicators or seal on silver certificates. Silver certificates were issued directly by the government and not through the Federal Reserve system.
What changes did the republicans bring to the federal government?
Long Dong Silver and Ramboner :)
Why did western farmers wanted free silver?
why did western farmers want free silver?
Why can't you redeem silver certificates at face value?
You can as a federal reserve note but not in silver coin. The US government in the late 1960s halted redemption of silver coin for silver certificates.
What did the Sherman Silver Purchase Act of 1890 require the Federal government to do?
It had to purchase at least four million ounces of silver each month.
What did the federal government do to get inflation under control after the civil war?
They stopped printing greenbacks and making silver into coins.
Which statement is trueThe Pendleton Act was related to the reformation of the federal labor force?
The Pendleton Act was related to the reformation of the federal labor force.
What is the value of the gold and silver bullion stored at Fort Knox?
The Federal government does not provide that information so any values are speculative.
Why did the US Government sell western land very cheaply?
The US government sought to settle as much of its western territories as soon as possible. To do this free Federal lands were offered to new settlers who ventured west and registered as farmers. The westward movement was aided by the railroads and the suppression of Native Tribes. The US benefited economically by the mining of gold and silver mines out west.
Why did farmer want free silver?
why did western farmers want free silver?
What are the 5 words to say to get silver coins from a federal bank?
There is no magic five words to say to the Federal Bank to obtain silver coins. You could ask ÒDo you have silver coins?Ó. Though the Federal Bank has ceased redeeming Federal notes in silver.
Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
