WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
WESTWARD EXPANSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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free coinage of silver
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desegregation of public facilities
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higher income taxes
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protective tariffs
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Detailed explanation-1: -Answer and Explanation: The Populist Party wanted free coinage of silver to expand the money supply and encourage investment. Although broadening the basis of the money supply to include both gold and silver (known as “bimetallism") would create inflation, this would help debtors pay their creditors.
Detailed explanation-2: -The unlimited coinage of silver would increase the money supply and inflate prices. The economy would be stimulated. Farmers would get more money for their goods; debtors would more easily repay loans.
Detailed explanation-3: -“Silverites” believed that currency should be redeemable in silver as well as gold.
Detailed explanation-4: -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.