Why did farmers in the late 1800s tend to support bimetallism?
Terms in this set (24) Why did the Plains farmers in the late 1800’s tend to support bimetallism? It would put more money in circulation. to encourage white families to settle in the west.
Why did many farmers in the late 1800s support bimetallism or free silver?
Farmers, particularly in wheat and cotton belts, advocated bimetallism because they believed it was inflationary and beneficial to them, and silver miners in the western United States advocated bimetallism for safe value for money.
Why did most employers refuse to negotiate with unions in the late 1800s?
Why did most employers refuse to negotiate with unions in the late 1800s? They took the paternalistic view of the relationship of workers to them. violence led to unfavorable publicity that hurt the union and not capitalists.
Why were factory workers afraid of bimetallism?
They believed that a policy of bimetallism would lead crop prices to rise, making farm debts less burdensome. They feared that speculators like Jay Gould and James Fisk would manipulate prices by cornering the gold market.
What were some of the hardships that frontier farmers faced in the mid to late 1800s?
By 1890 new railroads had helped cattle ranching spread to most parts of the West. Long cattle drives were replaced by shorter drives on local trails. built in the growing East, while railroads were built in the West for the first time. Trail to move cattle to new range in Montana.
Which best explains the popularity of Bimetallism for Midwest farmers?
Which best explains the popularity of bimetallism for Midwest farmers? They believed it would lead to an inflation of the United States currency. They believed it would increase the value of the United States dollar. The Populist Party was formed to address the issues that affected farmers.
How would bimetallism help the nation?
Bimetallism was intended to increase the supply of money, stabilize prices, and facilitate setting exchange rates. Other scholars claimed that in practice bimetallism had a stabilizing effect on economies.
Why did farming become unprofitable during the 1800s?
Why had farming become unprofitable? They were producing a surplus of grain and it caused prices to drop. They wanted higher prices.
Why did unions fail in the late 1800s?
Industrial unions generally failed during the late 1800s because workers could be easily replaced since they lacked specialized skills. In contrast, employers had to negotiate with trade unions because the unions represented workers whose skills they needed. Companies used several tactics to break up unions.
What challenges did labor unions face in the late 1800s?
Basic Answer: In the late 1800s, workers organized unions to solve their problems. Their problems were low wages and unsafe working conditions. The solution was for the work- ers to cooperate and form unions.
Who favored Bimetallism?
Bimetallism and “Free Silver” were demanded by William Jennings Bryan who took over leadership of the Democratic Party in 1896, as well as by the Populists, and a faction of Republicans from silver mining regions in the West known as the Silver Republicans who also endorsed Bryan.
Why did government leaders sympathize with business owners against labor unions during this period?
Why did government leaders sympathize with business owners against labor? Government leaders believed in laissez-faire. The way workers were treated by big business and big industry.