The southerners and the westerners primarily favored the free coinage system.
True
The Coinage Act of 1873 stopped the minting of silver coins.
In my view, the industrialists feared that coinage of silver would increase the money supply and thereby lower interest rates to the benefit of the debtors, such as farmers, and the detriment of the creditors, such as the industrialists.
The Democratic Party In campaigning for The Election of 1896, William Jennings Bryan supported silver, rather than the gold standard, which William McKinley supported. McKinley won the election.
Proponents of free silver argued that increasing the money supply by allowing the free coinage of silver would help alleviate economic hardships, particularly for farmers and debtors, by raising prices and making debts easier to repay. They believed it would stimulate the economy and provide a more equitable financial system. Conversely, opponents argued that free silver would lead to inflation, destabilize the economy, and undermine the gold standard, which they viewed as essential for maintaining financial stability and international credibility. They feared that such a policy would ultimately harm the economy by eroding trust in the currency.
The free coinage of silver would have to increase the amount of money in circulation.
A were convinced
increase
the coinage of "free silver"
farmers
True
Populist
the coinage of "free silver"
U.S. mints would allow unlimited conversion of silver at a rate lower than that of gold.
Isaac Roberts has written: 'Wages, fixed incomes and the free coinage of silver' -- subject(s): Silver question, Wages
the democrats
This was a Central America Policy issue in the late 19th century about using "free coinage" of silver instead of the gold standard. It was a response to inflation, but had it been done it would have resulted in a greater inflation.