Currency Standards Gold Standard Bimetallic Standard Gold Standard

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Presentation transcript:

Currency Standards Gold Standard Bimetallic Standard Gold Standard Created by Mr. Johnson Gold Standard Bimetallic Standard Metal: ________________________ Would increase / decrease the money supply Would cause inflation / deflation Farmers / lenders favored this standard Nickname for supporters of this standard: “__________________” Metals: ________ and ___________ Would increase / decrease the money supply Would cause inflation / deflation Farmers / lenders favored this standard Nickname for supporters of this standard: “_________________” Gold Standard Politics & Economics Draw an arrow to the side of either the gold standard or bimetallic standard to indicate which standard the policies below favored Coinage Act of 1873 (“Crime of ‘73”) Sherman Silver Purchase Act William McKinley & the Republican Party William Jennings Bryan & the Populist Party Discovery of gold in South Africa, Yukon and Alaska Tight money policy Loose money policy Bimetallic Standard

“Cross of Gold” Speech, 1896 Questions “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 What two parties nominated Bryan as their presidential candidate in 1896? What constituency did these parties have in common? How and why did Republicans attack Bryan’s speech? What were the consequences of Bryan’s failed presidential campaign? 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.