Gold and Silver Standards in 1896 Election
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These flashcards cover key concepts related to the gold and silver monetary standards as well as significant figures and events in the 1896 election.
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9 Terms
Gold Standard
A system where money is backed only by gold favored by the rich
bimetallism
using both gold and siler for money; is favored by farmers to get more cash in circulation
Free Silver movement
A push to use silver to make more money and help people lay off debt
Bryan's Cross of Gold Speech
A famous speech by William Jennings Bryan advocating for the free coinage of silver; speech against the gold standard saying it hurt people everyday
William McKinley
the Republican candidate that supported the gold standard who opposed William Bryan in the 1896 election and won
William Jennings Bryan
politician who supported free silver and gave the famous ‘cross of gold’ speech
1896 Election
The election in which McKinley defeated Bryan, marking a significant moment in the fight over monetary policy of gold vs. silver; McKinely beat Bryan which ended the populist movement
Rich Backing Gold
The gold standard was favored by the wealthy elite, who benefited from deflationary pressures.
Populist Movement
A movement that emerged from the struggles of farmers against economic disparities.
Note 
Flashcards (169)