WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
GILDED AGE POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The policy would put more money in circulation to help them pay off debt.
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The assimilation policy favored Americanization.
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The policy would increase the value of the dollar.
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The policy would block the creation of labor unions.
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Detailed explanation-1: -Supporters of free silver included owners of silver mines in the West, farmers who believed that an expanded currency would increase the price of their crops, and debtors who hoped it would enable them to pay their debts more easily.
Detailed explanation-2: -Farmers, populists, and unions advocated for bimetallism because it would help them sell their goods at a higher price and lift them out of debt.
Detailed explanation-3: -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-4: -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.
Detailed explanation-5: -A rural southern farmer would have been MOST LIKELY to support The Free Silver movement in the late 1800s.