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Farmers opposed the gold standard because they believed it would limit the money supply and lead to deflation, which would decrease prices for their crops and make it harder for them to pay off debts. They argued that a more flexible monetary system, such as bimetallism (which included silver), would allow for an increase in the money supply, benefiting debtors by raising prices. This opposition stemmed from their concerns over financial stability and economic inequality in a predominantly agrarian society.
What else can I help you with?
Why were the yeomen farmers not opposed to slavery?
because they need them to help with there crops
Why did the farmers of the colonies rebell against the whiskey tax in the battle of the whiskey rebellion?
Western farmers opposed the whiskey tax because idk. answer it yourself lol... jk. They opposed it because farmers exchanged whiskey and other items they produced for goods they needed. Congress decided to put a special tax on whiskey and other alcoholic beverages to help reduce the national debt. However, western farmers opposed and protested... :) hope this helppss!
Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy in part because they believed that high tariffs would cause problems for?
Small Farmers, cause Alexander Hamilton's policy supported big business owners :P
What groups opposed Hamilton's plan?
It was Southerners and anti-federalists who most strongly opposed Hamilton's economic plans. One of Hamilton's more controversial plans was the creation of a national bank.
Why were the yeomen farmers not opposed to slavery?
because they need them to help with there crops
Why farmers were opposed to the gold standard?
Farmers opposed the gold standard because it limited the money supply and often led to deflation, which reduced the prices they received for their crops. With a fixed amount of gold backing the currency, there was less money available for loans, making it harder for farmers to finance their operations and repay debts. This monetary policy favored creditors and wealthier classes, exacerbating the economic struggles of farmers, particularly during periods of economic downturn. They advocated for the inclusion of silver to increase the money supply and promote inflation, which would benefit their financial situation.
Why did the farmers of the colonies rebell against the whiskey tax in the battle of the whiskey rebellion?
Western farmers opposed the whiskey tax because idk. answer it yourself lol... jk. They opposed it because farmers exchanged whiskey and other items they produced for goods they needed. Congress decided to put a special tax on whiskey and other alcoholic beverages to help reduce the national debt. However, western farmers opposed and protested... :) hope this helppss!
Who opposed gold standard?
the democrats opposed the gold standard. the republicans supported it.
Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
True or false farmers were generally opposed to Catholics?
False. There's nothing that farmers have particularly against the Catholics.
Jackson opposed the national bank because he felt that it enabled eastern businesspeople to make money at the expense of southern planters and western farmers.?
true
Thomas Jefferson and his followers opposed Alexander Hamilton's tariff policy in part because they believed that high tariffs would cause problems for?
Small Farmers, cause Alexander Hamilton's policy supported big business owners :P
What groups opposed Hamilton's plan?
It was Southerners and anti-federalists who most strongly opposed Hamilton's economic plans. One of Hamilton's more controversial plans was the creation of a national bank.
What is standard mail?
What is standard mail as opposed to first class mail as defined by the USPS?
What political party was helps to fiight for the poor workers and farmers?
Democrats. They opposed Capitalism because the "new left" is made up of socialists and in extreme cases... communists.This is not meant to be discriminatory.
What was Congress's decision to stop coining silver bitterly opposed by farmers and westerners?
Crime of '73
