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This increased the world gold supply and caused the inflation that free coinage of silver was supposed to bring. The McKinley campaign was effective at persuading voters that poor economic progress and unemployment would be exacerbated by adoption of the Bryan platform.
Hanna quickly realized that the currency issue struck an emotional chord in many Americans, and decided on a campaign to persuade the voter that "sound money", the gold standard unless modified by international agreement, was much preferable to bimetallism.
The "silverites" argued that using silver would inflate the money supply and mean more cash for everyone, which they equated with prosperity. The gold advocates claimed that silver would permanently depress the economy, but that sound money produced by a gold standard would restore prosperity. 1896 Republican poster warns against free silver.
Biden may have better luck persuading voters that things are getting better because they actually are. Inflation is down from 8.9% in 2022 to 3.1% now, and shoppers are starting to notice.
WASHINGTON (Reuters) -U.S. Vice President Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for ...
Pulled between political catastrophe and salvation, voters in high numbers are objectively wrong. It's a huge problem for Biden. Pulled between political catastrophe and salvation, voters in high ...
Today, the Federal Open Market Committee reviews money supply data as just one part of a wide array of various financial and economic data which form the background for the Committee's monetary policy decisions, [10] The economy's aggregate money supply is the total of
This increased the world gold supply and caused the inflation that free coinage of silver was supposed to bring. The McKinley campaign was effective at persuading voters that poor economic progress and unemployment would be exacerbated by adoption of the Bryan platform.