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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.
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.
The massive circulation of this work made Harvey a public figure as one of the leading free silver advocates in America. [ 1 ] Other populist writings followed, including the books A Tale of Two Nations (1894), The Money of the People (1895), The Patriots of America (1895) and a sequel to his popular 1894 work, Coin on Money, Trusts, and ...
The Cross of Gold speech was delivered by William Jennings Bryan, a former United States Representative from Nebraska, at the Democratic National Convention in Chicago on July 9, 1896. In his address, Bryan supported "free silver" (i.e. bimetallism), which he believed would bring the nation prosperity
The $1 silver certificate from the Hawaii overprint series. 1899 United States five-dollar Silver Certificate (Chief Note) depicting Running Antelope of the Húŋkpapȟa. Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. [1]
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The Sherman Silver Purchase Act was a United States federal law enacted on July 14, 1890. [1] The measure did not authorize the free and unlimited coinage of silver that the Free Silver supporters wanted. It increased the amount of silver the government was required to purchase on a recurrent monthly basis to 4.5 million ounces.