What is silver free coinage quizlet?
Free silver. A short term solution. Wanted to put silver into circulation instead of paper money. However, is was not free because it could cause inflation of prices of goods and deflation of the value of money.
Who does free silver benefit why quizlet?
Who does free silver benefit? Why? Mainly farmers because it would lower the value of money & cause inflation which would cause the price of farm goods they’re selling to increase. Identify the economic & political grievances of late 19th century American farmers.
What did the Democrats believe would be gained by the free coinage of silver quizlet?
More silver = more inflation. A speech delivered by William Jennings Bryan at the Democratic National Convention in Chicago that occurred in 1896. Bryan supported bimetallism, or free silver, which he believed would bring the naiton prosperity.
What were the goals of those who supported the Free Silver movement?
Its advocates were in favor of an expansionary monetary policy featuring the unlimited coinage of silver into money on-demand, as opposed to strict adherence to the more carefully fixed money supply implicit in the gold standard.
Why did farmers want the free coinage of silver?
Bryan wanted the United States to use silver to back the dollar at a value that would inflate the prices farmers received for their crops, easing their debt burden. This position was known as the Free Silver Movement.
What did free coinage mean?
1a : the conversion of bullion of any specified metal into legal-tender coins for any person who chooses to bring it to the mint. b : such coinage when done at a certain fixed charge proportionate to the cost of the operation — compare brassage, seignorage.
What is the meaning of free coinage?
What is silver coinage?
Silver coins are possibly the oldest mass-produced form of coinage. Other than collector’s silver coins, silver bullion coins are popular among people who desire a “hedge” against currency inflation or store of value. Silver has an international currency symbol of XAG under ISO 4217.