silver coinage induced inflation which was beneficial to the farmers because it allowed farmers to pay loans of quicker and loans themselves were easier to acquire with the larger supply of money.
why did western farmers want free silver?
Because they were for inflation, and many of the comprised of poor individual farm hands and farmers who were debt ridden and over worked by the rates of the railroads and banker's interest rates. With inflation, real debt was actually lower than deflation (which they were in during the gold standard)
cuz they want to
Afrian American members
Usually farmers wanted slaves because they had alot of land and needed much help to plant and harvest the crops
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.
why did western farmers want free silver?
why did western farmers want free silver?
Inflation would help pay off loans Inflation would help pay off loans
They owned silver mines and would get rich when the government bought their silver
Because they were for inflation, and many of the comprised of poor individual farm hands and farmers who were debt ridden and over worked by the rates of the railroads and banker's interest rates. With inflation, real debt was actually lower than deflation (which they were in during the gold standard)
Farmers wanted greenback currency because it was a form of paper money that they believed would help alleviate their financial struggles during the post-Civil War economic downturn. Greenbacks, issued by the U.S. Treasury, were not backed by gold or silver, which meant they could increase the money supply and potentially lead to inflation. This inflation would benefit farmers by raising the prices of their crops, making it easier for them to pay off debts. Additionally, the availability of more currency would help stimulate the economy and improve access to credit.
so that if the dollar ceases to exist, then silver would be worth more; it's also a good investment.
There were a few things hat the populist party wanted. The items that the party wanted were, a secret ballot, an election for senators, an income tax, to oppose legislature votes, free coinage of silver, farmers to get the money back that they paid on loans, and the railroad system, telephone system, and telegraph system to be owned by the public.
No
Farmers want their cattle to produce high quality meat and a high milk yield
Really, who DOESN'T want free silver? I know I wouldn't mind it! But seriously, do you not want free silver!?!