USA HISTORY

Detailed explanation-1: -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-2: -Explanation: Populists favored reducing tariffs, along with advocating for an income tax system that taxed the wealthy, the free coinage of silver to reduce the debt burden of farmers, government ownership of the railroads, and the election of U.S. senators by the people rather than state legislatures.

Detailed explanation-3: -Explanation: The Populists, based largely in the agricultural west, supported the unlimited coinage of silver among other reforms. While bimetallism was never approved, many of their seemingly radical ideas, including a graduated income tax, federally-owned railroads, and the direct election of senators, became law.

Detailed explanation-4: -The Ocala Demands laid out the Populist platform: collective bargaining, federal regulation of railroad rates, an expansionary monetary policy, and a Sub-Treasury Plan that required the establishment of federally controlled warehouses to aid farmers.