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During the Gilded Age, owners of large businesses and creditors supported a gold-backed monetary policy because it promoted stability and prevented inflation, which protected their investments and loans. In contrast, farmers and debtors advocated for a bimetallic standard, allowing both gold and silver as currency, to increase the money supply and make it easier to pay off debts. This divergence in interests highlighted the economic tensions of the era, as the former group prioritized financial conservatism, while the latter sought relief from economic hardship.
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Was Daniel shay a Federalist?
No, Daniel Shays was not a Federalist; he was a leader of Shays' Rebellion, which occurred in 1786-1787. The rebellion was a protest against economic injustices and the lack of government response to the grievances of rural farmers in Massachusetts. Shays and his followers opposed the policies of the state government, which they felt favored creditors and wealthy elites, contrasting with the Federalist support for a stronger centralized government.
What policies did Warren G. Harding and Calvin Coolidge adopt toward business?
Calvin Coolidge thought that there should be not government interference and he favored small businesses.
What problems did peasants face?
Farmers of the West and South were a mainstay of support for the Populist Party. Populists and farmers opposed the gold standard and favored the printing of more "greenbacks" backed by silver, not gold. They believed this would open up more affordable credit to the urban areas. The farmers and Populists believed in government regulation of railroads and banks. This would aid the farmer in dealing with rates for shipping his goods to market. They also favored collective economic action against farm products brokers, railroads, and merchants.
Did Aristocrats helped farmers regain their land in the Han dynasty?
In the Han dynasty, aristocrats played a complex role in relation to farmers and land ownership. While some aristocrats did provide assistance to farmers in distress, such as through loans or land leases, the overall structure often favored elite landowners who accumulated wealth and land at the expense of small farmers. Consequently, many farmers struggled to maintain their land, leading to increased social tensions and eventual reforms aimed at addressing land distribution. Thus, while there were instances of support, the aristocratic class largely contributed to the economic challenges faced by farmers.
Why did the Grange favor regulation of the railroads?
The Grange favored regulation of the railroads because farmers and rural communities faced unfair practices, such as exorbitant freight rates and discriminatory pricing that favored larger companies. The Grange believed that regulating railroads would help ensure fair access and pricing, promoting economic equity for farmers. Additionally, they sought to curb monopolistic practices that stifled competition and harmed their livelihoods. Overall, the Grange aimed to protect the interests of agricultural workers and improve their financial conditions.
During the Gilded Age owners of large businesses and creditors people who loaned money favored a money policy one that was backed only by gold while farmers and debtors people who ow?
hard; soft
Did federalists believe that farmers would be great leaders in the government?
No they didnt. The they favored business men and merchants. The democrats favored the farmers.
Who favored small business and farmers supported state's powerand oppossed a national bank?
Thomas Jefferson was a strong advocate for small businesses and farmers, supporting states' rights and opposing a national bank. He believed in a decentralized government and an economy that prioritized agriculture over industrialization.
What group of Americans favored president Coolidge's policy's?
Big businesses.
Who Favored free coinage of silver?
The southerners and the westerners primarily favored the free coinage system.
What two groups favored passage of the Sherman Silver Purchase Act?
miners and farmers
How did the policies of the federal government created problems for small businesses?
they favored big buisness
How did the policies of the federal government create problems for small businesses?
they favored big buisness
Why did the populist not support the gold standard act?
The members of the Populist Party, largely rural farmers and ranchers, tended to also be debtors. They therefore favored inflation, since they could pay back a "cheaper" dollar than the one that had been loaned to them. Since the Gold Standard Act would stabilize the US dollar and prevent the inflation they desired, the Populists were firmly against it.
Did the populist not support the gold standard act?
The members of the Populist Party, largely rural farmers and ranchers, tended to also be debtors. They therefore favored inflation, since they could pay back a "cheaper" dollar than the one that had been loaned to them. Since the Gold Standard Act would stabilize the US dollar and prevent the inflation they desired, the Populists were firmly against it.
Why did farmers favored inflation?
there was a decrease in the buying power of the dollar, brought about by too much money in circulation
Was Daniel shay a Federalist?
No, Daniel Shays was not a Federalist; he was a leader of Shays' Rebellion, which occurred in 1786-1787. The rebellion was a protest against economic injustices and the lack of government response to the grievances of rural farmers in Massachusetts. Shays and his followers opposed the policies of the state government, which they felt favored creditors and wealthy elites, contrasting with the Federalist support for a stronger centralized government.
