0
What else can I help you with?
Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
Who were most likely to support William Jennings Bryan in the election of 1896?
People who would support William Jennings Bryan would be most likely farmers and people who supported the use of silver for money and not only the use of the gold standard.An evangelical ProtestantA small farmer in KansasNevada silver minerspopulistscotton farmers
What was the currency used in Mesopotamia?
The currency used in Mesopotamia was primarily in the form of barley and silver.
What was the paper currency that could be cashed for gold and silver coins called in Colonial America?
The paper currency that could be exchanged for gold and silver coins were known as Bills of Credit.
What group of people would have been MOST LIKELY to support Watson and the Populist Party?
The group of people most likely to support Watson and the Populist Party would have been rural farmers and laborers, particularly those facing economic hardships due to industrialization and the dominance of railroads and banks. This demographic sought reforms that addressed their grievances, such as the regulation of monopolies, the establishment of a graduated income tax, and the expansion of currency to include silver. Additionally, impoverished white farmers in the South and Midwest, who felt marginalized by the political elite, found resonance in the Populist movement's call for greater representation and economic justice.
Which currency standard did Populists support?
silver
Why did farmers support coinage of silver?
No, it was the businessmen who were opposed.
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.
What types of groups in the gilded age did NOT support increased coinage of silver?
Farmers
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.
How would bimetallism benefit famers?
Bimetallism, the use of both gold and silver as a standard for currency, could benefit farmers by increasing the money supply, which often leads to higher prices for crops. This inflationary effect makes it easier for farmers to pay off debts and invest in their operations. Additionally, the dual backing of currency could stabilize prices and reduce the risk of deflation, providing a more favorable economic environment for agricultural income. Ultimately, bimetallism would support farmers by enhancing their purchasing power and financial stability.
Why did western farmers wanted free silver?
why did western farmers want free silver?
Who were most likely to support William Jennings Bryan in the election of 1896?
People who would support William Jennings Bryan would be most likely farmers and people who supported the use of silver for money and not only the use of the gold standard.An evangelical ProtestantA small farmer in KansasNevada silver minerspopulistscotton farmers
The Greenback party wanted money to be backed by which metal?
The Greenback party wanted money to be backed by silver rather than gold. They believed that using silver as a standard for the currency would benefit farmers and debtors who needed more money in circulation.
Who gave the most support to the free silver campaign of 1896?
farmers, who thought that a larger money supply would ease their bebt.
How would bimetallism help the economy according to its support?
by giving people either gold or silver in exchange for paper currency or checks
Those who advocated soft currency and silver coinage were actually calling for?
Those who advocated soft currency and silver coinage were actually calling for a monetary system that relied more on the value of silver in relation to paper currency. They believed that this would provide stability in the economy and protect against inflation. Additionally, they believed that silver coinage would benefit working-class individuals who had limited access to gold coins.
