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why did western farmers want free silver?
Kayleigh Waelchi
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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.
Who gave the most support to the free silver campaign of 1896?
farmers, who thought that a larger money supply would ease their bebt.
Who wanted to free slaves?
Abraham Lincoln wanted to free the slaves.
How did the Homestead Act impact the economic development of the West?
The Homestead Act promoted western settlement because of the unusual opportunity it presented to common farmers. Under this act, common farmers as opposed to the wealthy had an opportunity to be land owners. This was enough to provoke settlements by farmers looking to make a profit.
Which of the following was a much debated Gilded Age political issue?
whites and the blacks fighting man
Western farmers wanted free silver because they felt it would?
Increase crop prices.
Why did farmer want free silver?
why did western farmers want free silver?
Why did the populist party support free silver?
yes, it did they are the ones that wanted it to happen. the populist party was made up of farmers and farmers wanted it so they could pay of their debt
Which political party wanted to keep slavery out of the western territories?
The Free-Soil Party wanted the western territories to be free from slavery.
Why did western farms want free silver?
Really, who DOESN'T want free silver? I know I wouldn't mind it! But seriously, do you not want free silver!?!
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.
Which group wanted to help farmers pay their debts by creating more silver?
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.
Who is the populist party?
People in the Populist party had interest in the free coinage of silver, were mostly created by labor and farmers, wanted a graduated income tax, and government control of monopolies.
Why did farmers support bimetallism or free silver in the late 1800?
In the late 1800s, a political party emerged known as the Populists that was comprised dominantly of farmers. This group wanted the free and unlimited coinage of silver. Led by William Jennings Bryan, the Democratic nominee for the 1896 election, free silverites demanded inflation of the silver coin. The farmers supported bimetallism or free silver in the late 1800s because many of them were struggling to make ends meet, and the inflation of silver would add much needed financial respite. For example, if one were to borrow two dollars in gold, this sum could be paid back in two dollars of silver. Silver and gold, under a Populist notion, are considered equal. Yet silver is NOT equivalent to gold, and the true worth of the debt repaid in silver would be equivalent to one dollar.
What group supported free coinage of silver in order to increase the money supply?
farmers
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 does western farmers think about slavery?
Western Farmers where not really against of for slavery, but they did not want slaves to be set free for fear of them taking there land and vausing them more trouble than they already have with the indians.
