Table of Contents
What was the purpose of the Cross of Gold speech?
The Cross of Gold speech was delivered by William Jennings Bryan, a former United States Representative from Nebraska, at the Democratic National Convention in Chicago on July 9, 1896. In the address, Bryan supported bimetallism or “free silver”, which he believed would bring the nation prosperity.
What was the purpose of the Cross of Gold speech quizlet?
Delivered by William Jennings Bryan at the 1896 Democratic National Convention in Chicago. The speech advocated bimetallism. At the time, the Democratic Party wanted to standardize the value of the dollar to silver and opposed pegging the value of the United States dollar to a gold standard.
What was the purpose of bimetallism?
Bimetallism was intended to increase the supply of money, stabilize prices, and facilitate setting exchange rates. Some scholars argued that bimetallism was inherently unstable owing to Gresham’s law, and that its replacement by a monometallic standard was inevitable.
What was the goal of bimetallism?
Bimetallism was intended to increase the supply of money stabilize prices and facilitate setting exchange rates. Some scholars argued that bimetallism was inherently unstable owing to Gresham’s law and that its replacement by a monometallic standard was inevitable.
Who opposed the gold standard?
President Grover Cleveland
President Grover Cleveland disagreed. And he opposed any legislation that might threaten the gold standard. He noted that every major nation supported its paper money with gold. The United States would be foolish, he said, not to do the same.
Which of the following was most likely the result of Bryan’s speech?
Which of the following was most likely the result of Bryan’s speech? He united the Populist Party with the Democratic party to run against the Republicans.
Who did bimetallism benefit?
Bimetallism is a monetary system that’s based on the value of two metals, usually gold and silver. Bimetallism was very popular during the early and late 1800’s. The most significant benefit of bimetallism is the fact that it allows countries to keep a larger reserve of precious metals to circulate money.
Who was in favor of bimetallism?
Bimetallism and “Free Silver” were demanded by William Jennings Bryan who took over leadership of the Democratic Party in 1896, as well as by the Populists, and a faction of Republicans from silver mining regions in the West known as the Silver Republicans who also endorsed Bryan.
Who did bimetallism help?
Basically supporters of the free silver movement thought that bimetallism would help the economy by causing inflation. This would help farmers and others who had too much debt.
Who supported the gold standard?
Their strategy relied on convincing silverites from the Democratic Party to vote with the Populists rather than for the expected Democratic nominee, President Grover Cleveland, who supported the gold standard, as did the Republican nominee, Ohio governor William McKinley.
Who was against bimetallism?
In 1896, the bimetallism issue was politically ended with the election of the Republican William McKinley, who favored a gold standard, over the Democratic silverite William Jennings Bryan, who had won the nomination with his famous Cross of Gold Speech.
Which policy did William Jennings Bryan support in the election of 1896?
At the 1896 Democratic National Convention, Bryan delivered his “Cross of Gold” speech which attacked the gold standard and the eastern moneyed interests and crusaded for inflationary policies built around the expanded coinage of silver coins.
What policy did William Jennings Bryan support in the election of 1896 quizlet?
A speech delivered by William Jennings Bryan at the Democratic National Convention in Chicago that occurred in 1896. Bryan supported bimetallism, or free silver, which he believed would bring the naiton prosperity.
Why did farmers support bimetallism?
Why did farmers support bimetallism or free silver? with more money in circulation prices for crops increased.
Monetary standards and the United States. In January 1791,at the request of Congress,Secretary of the Treasury Alexander Hamilton issued a report on the currency.
Who did Cross of Gold speech appeal to?
Cross of Gold speech, classic of American political oratory that was delivered by William Jennings Bryan during the platform debate at the 1896 Democratic National Convention in Chicago. Bryan’s plea for the coinage of silver so electrified the convention that it made him the Democratic candidate for president.
Who gave better speeches, Lincoln or Churchill?
The low regard in which he is held by thousands of people in Africa, India and Turkey (from Gallipoli, I presume) speaks as to his darker side just as the respect he commands in the United Kingdom and elsewhere speaks for his better qualities. Now to Abraham Lincoln. Churchill was good at public speaking, but Lincoln was something else.
Who was involved in the Cross of Gold speech?
Bryan,William Jennings. William Jennings Bryan: selections ed.