WebFarmers, especially in the wheat and cotton belts, supported bimetallism because they felt it was inflationary and advantageous to them and the economy; silver miners in the … WebBimetallism System in which govt would give citizens either gold or silver for checks or paper currency. This could lead to inflation, where prices rise (good for farmers), value of money decreases, and more people have money. Silverites Those who favored bimetallism, usually farmers of laborers.

Chapter 13.3 Farmers & the Populist Flashcards Quizlet

WebA tightened money supply benefited creditors, like banks and merchants, at the expense of debtors, especially farmers who had to borrow annually from banks and merchants in order to plant cash crops that could bring in money for … WebSupporters of bimetallism offer three arguments for it: (1) the combination of two metals can provide greater monetary reserves; (2) greater price stability will result from the … libra horoscope for lucky money 2021

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Webanswer choices. to raise crop prices by increasing the amount of money in circulation. to lower shipping costs by decreasing the tax burden on the railroads. to stop farm foreclosures by having the government take over banks. to reduce farmers' debt by requiring the use of the gold standard. Question 9. 30 seconds. Web19 nov. 2024 · Why did Plains farmers in the late 1800s tend to support bimetallism? a. it would put more money in circulation b. it would make the nation's money supply better c. it would lower the prices of seed and farm machinery d. it would allow them to profit from the mineral rights on their land WebHow would bimetallism help the economy, according to its supporters? inflation would help farmers and others who had too much debt. Allowing bimetallism would have increased the amount of money that existed in the US. Exodusters name given to African Americans who moved from the Reconstruction South to the Great Plains in the mid 1800s libra horoscope 3rd march 2023