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Free silver was a significant financial strategy issue in late-nineteenth century America.
Its promoters were supportive of an expansionary financial arrangement including the boundless coinage of silver into cash on request, instead of severe adherence to the more painstakingly fixed cash supply verifiable in the best quality level.
Bryan needed the United States to utilize silver to back the dollar at a worth that would blow up the costs ranchers got for their yields, facilitating their obligation trouble. This position was known as the Free Silver Movement.
In late-nineteenth-century America, free silver was a major financial strategy concern. Its proponents were in favor of a more expansive financial system that included the unlimited coinage of silver into currency on demand, rather than strict adherence to a more meticulously fixed cash supply that could be verified in the highest quality level.
About the free silver policy:
- Bryan wanted the US to use silver to back the dollar at a price that would skyrocket the prices ranchers received for their crops, alleviating their debt problems.
- The Populists' goal in 1892 was to replace the Democrats as the country's second party by creating a coalition of farmers from the West and South with industrial workers from the East.
- That year, the Populist candidate for President, James B. Weaver, received nearly 1,041,000 votes.
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