Answering the question, the famous speech that Bryan delivered at the Democratic convention of 1896 became known as the "Cross of Gold" speech.
William Jennings Bryan delivered the famous speech “cross of Gold” in 189 at the national democratic convention held in Chicago. In his speech, Bryan was in absolute support of bimetallism of free silver, which he felt will contribute to the fortune of the United States.
<h2>Further Explanation</h2>
This speech was regarded as one of the best political speeches in the history of the United States. The speech was also instrumental to his emergence as the Presidential candidates of the Democratic Party.
Bryan made this speech at the time when the United States was divided over the country's monetary system as also known as the Gold standard. Many Americans were not in support of the Gold standard because it reduced the money supply into the economy but made transaction easy for other nations that were not using Gold standard.
Bryan Speech was supported by the majority of the Americans because they felt the economy will take a new shape if bimetallism was adopted. Bimetallism would enable the citizens to trade with both silver and gold, that is, both silver and gold will become a legal tender.
Therefore, the famous speech that William Jennings Bryan gave at the Democratic convention of 1896 became known as the "Cross of Gold" speech.
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KEYWORDS:
- cross of Gold
- political speech
- democratic convention
- William Jennings Bryan
- Gold standard
