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Currency Standards Bimetallic Standard Gold Standard Metal: ____________ Increase / Decrease the money supply Would cause inflation / deflation Farmers/lenders favored this standard Nickname for supporters of this standard: __________ Metals: ____ and ______ Increase / Decrease the money supply Would cause inflation / deflation Farmers / lenders favored this standard Nickname for supporters of this standard: __________ Politics & Economics Draw an arrow to the side toward either the gold standard or bimetallic standard to indicate which standard the events or decisions below favored Civil War greenbacks are removed from circulation Tight money policy Bland-Allison Act Sherman Silver Purchase Act backfires William Mc. Kinley & the Republican Party William Jennings Bryan & the Populist Party Discovery of gold in South Africa, Yukon and Alaska Created by Mr. Johnson
William Jennings Bryan’s Campaign, 1896 “If they [the Republicans] dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold. ” -William Jennings Bryan Questions 1) 2) 3) 4) 5) 6) 7) 8) What two parties nominated Bryan as their presidential candidate in 1896? What concerns did these parties have in common? What symbolism does Bryan use it the speech above? Why did Republicans attack the language used in this speech? How does the cartoon to the right attack Bryan’s speech? Do you think this cartoon is a fair caricature? Why did Bryan’s 1896 presidential campaign fail? What consequences did Bryan’s failure have? Caption: The Sacrilegious Candidate - No man who drags into the dust the most sacred symbols of the Christian world is fit to be president of the United States.