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The Free Silver Movement, backed most strongly by Western miners and their employees and by wheat and cotton farmers, wanted the U.S. to continue using silver as well as gold for its coins. This would have created more money and therefore caused inflation (when there is more money available, people are willing to pay higher prices). Because of inflation, farmers would have received more money for their products and would have been more easily able to pay their debts to banks, manufacturers and suppliers of farm equipment, and the railroads that transported their goods, with money that was worth less than when they had borrowed it.
The Free Silver Movement was allied to the Populist Party and then became part of the Democratic Party. "Free silver" became the principal issue in the unsuccessful presidential campaigns of William Jennings Bryan, Democratic Party nominee in 1896 and 1900.
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Why did the populist movement start?
As westward expansion was becoming more popular, so was farming the western land. Wanting to be represented, these farmers created the Farmer's Alliance, which fought for rights and privelages of farmers. The Farmer's Alliance later turned into the Populist Party.
Describe the farmers situation in the 1920s?
Demand for crops fell as farmers' debts rose.
What describes the situation of farmers in 1920s?
Demand for crops fell as farmers' debts rose.
What did farmers want to use to pay their debts and taxes?
crops by sami
Which name was given to the attempt by Massachusetts farmers to stop the courts from seizing farmers' lands for nonpayment of debts?
A. Shays' Rebellion Plato answer
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.
What did farmers want to use to pay there debts and taxes?
Farmers often wanted to use silver or paper currency to pay their debts and taxes, as they believed this would be more beneficial than gold. The push for bimetallism, or the inclusion of silver alongside gold in the monetary system, was seen as a way to increase the money supply and alleviate financial burdens. Many farmers felt that the existing gold standard favored creditors and made it more difficult for them to repay loans. This demand was a significant aspect of the broader economic struggles during the late 19th century.
Why did the populist movement start?
As westward expansion was becoming more popular, so was farming the western land. Wanting to be represented, these farmers created the Farmer's Alliance, which fought for rights and privelages of farmers. The Farmer's Alliance later turned into the Populist Party.
Why did farmers want currency backed by silver and gold?
Farmers wanted currency backed by silver and gold because it ensured a stable value, protecting them from inflation and unpredictable fluctuations in the economy. This form of currency, known as bimetallism, would increase the money supply, making it easier for farmers to pay off debts and secure loans. Additionally, they believed that a currency backed by precious metals would provide them with fairer prices for their crops, as it would enhance their purchasing power and economic stability.
What happened to farmers debts during the 1920s?
the debts were erased because of the dsl tarrifs
Describe the farmers situation in the 1920s?
Demand for crops fell as farmers' debts rose.
What describes the situation of farmers in 1920s?
Demand for crops fell as farmers' debts rose.
Describes the situation of farmers in the 1920s?
Demand for crops fell as farmers' debts rose.
What happened to farmers debts The great depression and the new deal?
The Dust Bowl swept the farmers plants causing people to suffer with great money loss because many farmers couldn't pay for their debts when they borrowed money.
Who did Hamiltion wanted the federal government to assume and pay the debts of the?
He wanted the federal government to assume and pay all state debts.
What did not intensify the debts the plains farmers had during the late 1800s?
inflation
What was the consequence for farmers during the dust bowl?
They were unable to pay their debts.
