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Republican campaign poster of 1896 attacking free silver. Free silver was a major economic policy issue in the United States in the late 19th century. Its advocates were in favor of an expansionary monetary policy featuring the unlimited coinage of silver into money on-demand, as opposed to strict adherence to the more carefully fixed money supply implicit in the gold standard.
"free silver" political activism William Hope "Coin" Harvey (August 16, 1851 – February 11, 1936) was an American lawyer, author, politician, and health resort owner best remembered as a prominent public intellectual advancing the idea of monetary bimetallism .
The Silverites advocated free coinage of silver. They wanted to lower the gold standard of the United States to silver therefore allowing inflation of the money supply. Many Silverites were in the West, where silver was mined. [1] Advocates predicted that if silver were used as the standard of money, they would be able to pay off all of their debt.
Harvey argued that by returning silver to the same monetary status as gold, the American economy would benefit from stabilized prices, resulting in higher revenue, and ease of repayment of debts. The pamphlet sold about 1 million copies, which helped popularize the free silver movement with the public.
The Silver Republican Party, later known as the Lincoln Republican Party, was a United States political party from 1896 to 1901. It was so named because it split from the Republican Party by supporting free silver (effectively, expansionary monetary policy) and bimetallism. The main Republican Party opposed free silver and supported the gold ...
The Freemen's Protective Silver Federation was a fraternal order in the United States founded in the interests of the free silver movement at the height of its popularity in the mid-1890s. The organization claimed as many as 800,000 members in 1896 and strictly adhered to populist ideals.
Silver is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining. Silver has long been valued as a precious metal.
The Silver Party was a political party in the United States active from 1892 until 1911 and most successful in Nevada which supported a platform of bimetallism and free silver. [ 1 ] [ 2 ] In 1892, several Silver Party candidates were elected to Nevada public offices.