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Why did Populist want the US to move from a currency backed by gold to one backed by both gold and silver?
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars.
-It would increase the supply of money.
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What is value of 1862 currency dollar?
There's nothing called a "currency dollar". In 1862 the US printed paper $1 notes and struck $1 coins in both silver and gold.
What is the value of a 1902 US silver certificate?
Despite their blue seals, both denominations of bills issued in 1902 were National Currency Notes and not silver certificates. There's more information at the Related Questions.
When did US bills start saying US Note on the top instead of Silver Certificate?
One type didn't replace the other. Both silver certificates and US Notes were printed concurrently for almost 80 years, sometimes in the same denominations. The difference between them was that silver certificates had to be backed dollar-for-dollar with silver metal held by the Treasury, while United States Notes were fiat bills issued directly by the government rather than through a separate bank. Silver certificates were discontinued in the early 1960s when silver prices had to be deregulated. Convertibility was halted because each bill could no longer be backed by a fixed amount of metal. US Notes served exactly the same purpose as Federal Reserve Notes, so around 1970 they were discontinued to save the cost of printing two separate but interchangeable types of bills.
True or False In the Election of 1896 William Jennings Bryan was the presidential candidate for both the populist and Democratic parties?
I THINK it's true, BUT I'm not 100% sure.
What was a major problem faced by US farmers in both the 1890s and the 1920s?
inflationary currency.
