USA HISTORY

Detailed explanation-1: -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-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: -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-4: -In the late 19th century in the United States, the Free Silver Movement was an unsuccessful campaign for unlimited coinage of silver. It was supported by owners of silver mines, farmers, and debtors. A law of 1873 (called the “Crime of 1873”) dropped silver coinage in favor of the gold standard.