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Which currency standard did Populists support?

silver


Why did populists want the US to move from a currency backed by both gold and 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.


Who most strongly lobbied for silver currency?

Populists


Why did populists want the US to move from a currency backed by gold to one backed by gold and silver?

It would increase the supply of money.


Why did the populists want the US to move from a currency backed by gold to one backed by both gold and silver?

It would increase the supply of money.


Why did populists want the US to move from currency backed by gold to one backed by both gold and silver?

It would increase the supply of money.


Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?

It would increase the supply of money.


Why did Populists want the US to move from a currency backed by gold to one back by both gold and silver?

it ould increase the supply of money


Why did Populists want the United States to move from a currency backed by gold to one backed by both gold and silver?

it would increase the supply of money


Why did populists want the unites states to move from a currency backed by gold to one backed by both gold and silver?

it would increase the supply of money


Who did the populists represent?

The Populists Party represented the views of the ordinary people. It mostly consisted of farmers and those who preferred the free coinage of silver.


Why did populists want the US to move from a country backed by gold to one backed by both gold and 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.