USA HISTORY

Detailed explanation-1: -The Cross of Gold speech was delivered by William Jennings Bryan, a former United States Representative from Nebraska, at the Democratic National Convention in Chicago on July 9, 1896. In his address, Bryan supported “free silver” (i.e. bimetallism), which he believed would bring the nation prosperity.

Detailed explanation-2: -The Free Silver Movement was a political movement that proposed returning to “bimetallism”: Those in the movement wanted money backed by silver to be added to the money supply, which was backed by gold. Adding to the money supply would have ended the deflation and created the possibility of inflation.

Detailed explanation-3: -Borrowing by the government from the Central Bank will increase the money supply in the economy, because it will be spent by the government on public.

Detailed explanation-4: -A bimetallic standard, or bimetallism, is a monetary system in which a government recognizes coins composed of both gold or silver as legal tender.