What was the main goal of supporters of bimetallism in the late 19th century United States?
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Correct answer: To increase the money supply by using both gold and silver
Bimetallists wanted both gold and silver used as monetary standards. This would increase the money supply and help farmers and debtors by causing mild inflation.
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More Gold Standard and Bimetallism questions
- Which group most strongly supported bimetallism during the late 1800s?
- What was a key argument made by supporters of the gold standard?
- What was the 'Free Silver' movement?
- Which famous speech criticized the gold standard and supported bimetallism?
- Who was a major political leader advocating for bimetallism in the 1896 election?
- Which political party was most associated with the Free Silver movement?