Grain sub-treasury has multiple purposes or plans regarding the currency/ money issue for farmers. Some of the effect of grain sub-treasury on the currency/ money issue for farmers are as following:
Farmers were no more dependent on local merchant, grain elevator and other warehouses for money lending.
Because of grain sub-treasury farmers are now able to hold their crops for long to sell at better price.
Grain sub-treasury plan expand the amount of money in circulation.
Grain sub-treasury has increased the price of food or grains.
Hence, grain sub-treasury plan was beneficial for farmers.
The sub-treasury plan has been demonstrated by the revolution in the sentiment among the American farmers.
Explanation:
The sub-treasury plan is away from American farmers that have been typified Thomas Jefferson's ideal of rural America. Instead of taking benefits from the American government with the help of Laissez-faire policies and the small government.
The ideas are free from the government via the regulation and the sub-treasury plan. This platform also supported the monetary policy. That is also called silver free. The deflation is causing the value of the currency will increase over time. It can have the disastrous effects on the economic value of the growth.
Medical technologies, such as telemedicine will make it easier and more efficient for patients to monitor their health data and reduce their dependence to hospitals. This means better treatment and lower costs.
