Because they did
The Populists Party represented the views of the ordinary people. It mostly consisted of farmers and those who preferred the free coinage of silver.
Its support for coining silver.
Populists in South Carolina advocated for free and unlimited coinage of silver to increase the money supply, which they believed would alleviate economic hardships faced by farmers and working-class citizens. They argued that this policy would lead to inflation, making it easier for debtors to repay loans and improving overall economic conditions. By promoting silver coinage, they sought to challenge the dominance of gold-backed currency and address issues of economic inequality and deflation. This movement was part of a broader populist agenda aimed at empowering the agrarian and labor classes against established financial interests.
No. See related question link. The Populists were anti- corporations.No. See related question link. The Populists were anti- corporations.No. See related question link. The Populists were anti- corporations.No. See related question link. The Populists were anti- corporations.
Farmers
silver
Populists advocated for a shift from a gold and silver-backed currency to a system primarily based on silver because they believed it would increase the money supply, stimulate economic growth, and help struggling farmers and laborers. They argued that a bimetallic standard favored wealthy elites and banks, while a silver standard would empower the working class and alleviate debt burdens. By promoting "free silver," populists sought to combat deflation and ensure more accessible credit for the average American.
Populists
It would increase the supply of money.
It would increase the supply of money.
It would increase the supply of money.
It would increase the supply of money.
it ould increase the supply of money
it would increase the supply of money
it would increase the supply of money
The Populists Party represented the views of the ordinary people. It mostly consisted of farmers and those who preferred the free coinage of silver.
Populists advocated for the U.S. to adopt a bi-metallic standard of both gold and silver to increase the money supply, which they believed would alleviate economic hardships faced by farmers and working-class citizens. By backing currency with silver in addition to gold, they aimed to create inflation that would raise prices for crops and goods, making debts easier to repay. This shift was seen as a way to counter the deflationary effects of a strict gold standard, which they felt favored wealthy industrialists and banks at the expense of ordinary Americans.