Gold Bugs (American Paegant) Gold Bugs (American Paegant) Gold Bugs (American Paegant) Gold Bugs (American Paegant) Gold Bugs (American Paegant)
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The "gold bugs" were a faction within the Democratic Party in the late 19th century that advocated for the gold standard as opposed to the bimetallism favored by the broader party. They believed that backing the U.S. dollar solely with gold would stabilize the economy and strengthen the currency. Their candidate for president in the 1896 election was William McKinley, who supported the gold standard, in contrast to the Democratic nominee, William Jennings Bryan, who championed bimetallism.
The Democratic Party In campaigning for The Election of 1896, William Jennings Bryan supported silver, rather than the gold standard, which William McKinley supported. McKinley won the election.
Australia won 2 Gold medals at the 1896 Athens Olympics.
Factory workers
A factory owner
He supported many Populists policies
Gold bugs were advocates for a monetary system based on gold, believing it would provide greater economic stability and prevent inflation. In contrast, silverites supported the use of silver, often favoring a bimetallic standard that included both gold and silver to increase the money supply and stimulate economic growth. The gold bugs typically represented the interests of bankers and industrialists, while silverites were often associated with farmers and laborers who sought relief from debt. This conflict highlighted broader economic tensions in the late 19th century in the United States.
The term goldbug describes investors who were very bullish on buying the commodity gold. The Silverites were a political group in the US in the late-19th century that advocated that silver should continue to be a monetary standard w/ gold.
the klondike gold rush is the main name and they found gold 1896 but the actual rush began 1897
1896-1899