Question

One part of the Populist Party platforms was the coinage of silver rather than keeping the U.S. on the gold standard. Why did farmers favor this policy?

(a) To increase the value of gold
(b) To stabilize the economy
(c) To create inflation and raise crop prices
(d) To promote international trade

Answer 1

Farmers favored the coinage of silver to create inflation and raise crop prices.

Step-by-step explanation:

Farmers favored the coinage of silver rather than keeping the U.S. on the gold standard because it would create inflation and raise crop prices. By increasing the money supply through the coinage of silver, there would be more money in circulation. This would lead to higher crop prices, allowing farmers to earn more money. The increased money supply would also help farmers pay off their debts more easily.