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snow_lady [41]
3 years ago
9

Us political issue that occurred in the late 19th century after large silver reserves

History
1 answer:
Aleonysh [2.5K]3 years ago
5 0

Free silver is one of the major economic policy started in the late 19th century.

Explanation:

The main objective of free silver movement leads to acceptance of mints and this will lead to the process of silver bullion following a principle that is after processing the silver coin the coins are paid to the depositors . The silver coins' monetary value dependent on government fiat , it did not depend on the commodity value of various content and thus leading to silver strikes and thus the price of the silver fell.

Many organisations wanted inflationary monetary  policies that would help debtors to pay their debts at a cheaper rate as well as with dollars that was readily available and those suffered due to  this policy were the creditors, they were mainly the landlords and  the banks.

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