The southerners and the westerners primarily favored the free coinage system.
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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.
The Populist Party appealed strongly to farmers who were deep in debt and felt betrayed by the traditional political parties. It proposed a progressive income tax and would allow the free coinage of silver which appealed to many others.