120k views
4 votes
In the late 1800's, you live on an absolutely fixed income (retirement plan). should you oppose the unlimited coinage of silver?

User Pinwheeler
by
6.2k points

1 Answer

4 votes

Yes I should.

The Free Silver Movement was a political alliance of Western silver diggers and Midwestern and Southern agriculturists who upheld an inflationary financial strategy by utilizing the free coinage of silver for a bimetallic standard for U.S. cash in the conviction that an expansion in the measure of cash available for use would raise crop’s costs and take into consideration simpler obligation reimbursement. As an individual living on a fixed income I would have been hugely affected in negative way due to my fixed income which would not have increased as opposed to the general inflation in prices and goods.

User Peter Richter
by
6.2k points