Question

In the late 1800s, free and unlimited coinage of silver was supported by farmers primarily because they hoped this policy would

Answer 1

Answer;

-Increase crop prices and make it easier to repay loans

In the late 1800s, free and unlimited coinage of silver was supported by farmers primarily because they hoped this policy would increase crop prices and make it easier to repay loans

Explanation;

-Free silver was a major policy issue in late 19th-century American politics. Its advocates were in favor of an inflationary monetary policy using the "free coinage of silver" as opposed to the deflationary gold standard. Its supporters were, Silverites.

-Farmers sought inflation of the money supply so that more money would be available to them for credit, prices for their crops would rise, and debts would become easier to repay.