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CaHeK987 [17]
3 years ago
13

What is free sliver

Social Studies
2 answers:
Semmy [17]3 years ago
6 0
Very very very correct! ^^^^^
Burka [1]3 years ago
4 0
Free silver<span> was a major economic policy issue in late 19th-century American politics. Its advocates were in favor of an expansionary </span>monetary policy<span> 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 </span>gold standard<span>. Supporters of an important place for silver in a </span>bimetallic<span> money system making use of both </span>silver<span> and </span>gold, called "Silverites<span>", sought coinage of silver dollars at a fixed weight ratio of 16-to-1 against dollar coins made of gold. Because the actual price ratio of the two metals was substantially higher in favor of gold at the time, most economists warned that the less valuable silver coinage would </span>drive the more valuable gold out of circulation<span>.</span>
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