Home › STAAR EOC US History › History › The Era of Expansion and Reform › The Populists demanded a graduated income tax, l…
The Populists demanded a graduated income tax, loans for farmers and government ownership of railroads. What did they demand for the currency?
AA single national bank note issue
BFree and unlimited coinage of silver
CAn end to all coinage of silver
DA currency backed only by farm land
Answer & Solution
Correct answer: B. Free and unlimited coinage of silver
1. 1. Their platform ran to several demands, of which the currency demand was one.
2. 2. That demand was an increase in the supply of currency by the free and unlimited coinage of silver.
3. 3. They believed a larger volume of money would raise farm prices and wages and let debts be paid.
4. 4. Ending silver coinage is the opposite demand, and it is what Congress had moved towards in 1873.
_Source: An Outline of American History (U.S. Information Agency, 1990, public domain), section POPULISTS ADVOCATE EASY MONEY_
Related questions
How did the Federal Reserve Act of December 23, 1913, organise the banking system?Roosevelt's predecessors had set aside 18,800,000 hectares of timberland. To what did he iWhat did the Elkins Act of 1903 do?Reformers attacked the patronage system by which politicians handed government posts to thA week after the declaration of war, Commodore George Dewey sailed from Hong Kong with sixThe Silverites made William Jennings Bryan of Nebraska their candidate for President in 18Why did prices work against the American farmer between 1870 and 1890?What did the Morrill Land-Grant College Act of 1862 allot to each state?