Definitions for free silver
free sil·ver

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1. Free silver

   Free silver was a major economic policy issue in the United States in the late 19th-century. Its advocates were in favor of an expansionary monetary policy featuring the unlimited coinage of silver into money on-demand, as opposed to strict adherence to the more carefully fixed money supply implicit in the gold standard. Free silver became increasingly associated with populism, unions, and the fight of ordinary Americans against the bankers and monopolists, and the robber barons of the Gilded Age capitalism era and was referred to as the "People's Money". Supporters of an important place for silver in a bimetallic money system making use of both silver and gold, called "Silverites", sought coinage of silver dollars at a fixed weight ratio of 16-to-1 against dollar coins made of gold. Because the actual price ratio of the two metals was substantially higher in favor of gold at the time, most economists warned that the less valuable silver coinage would drive the more valuable gold out of circulation. While all agreed that an expanded money supply would inevitably inflate prices, the issue was whether this inflation would be beneficial or not. The issue peaked from 1893 to 1896, when the economy was suffering from a severe depression characterized by falling prices (deflation), high unemployment in industrial areas, and severe distress for farmers. It ranks as the 11th largest decline in U.S. stock market history.The "free silver" debate pitted the pro-gold financial establishment of the Northeast, along with railroads, factories, and businessmen, who were creditors deriving benefit from deflation and repayment of loans with valuable gold dollars, against farmers who would benefit from higher prices for their crops and an easing of credit burdens. Free silver was especially popular among farmers in the Wheat Belt (the western Midwest) and the Cotton Belt (the Deep South), as well as silver miners in the West. It had little support among farmers in the Northeast and the Corn Belt (the eastern Midwest). Free silver was the central issue for Democrats in the presidential elections of 1896 and 1900, under the leadership of William Jennings Bryan, famed for his Cross of Gold speech in favor of free silver. The Populists also endorsed Bryan and free silver in 1896, which marked the effective end of their independence. In major elections, free silver was consistently defeated, and after 1896 the nation moved to the gold standard.The debate over silver lasted from the passage of the Fourth Coinage Act in 1873, which demonetized silver and was called the "Crime of '73" by opponents, until 1963, when the Silver Purchase Act of 1934, which allowed the U.S. President and U.S Department of Treasury to regulate U.S silver, was completely repealed by Public Law 88-36.

WikidataRate this definition:0.0 / 0 votes

1. Free silver

   Free silver was a central American policy issue in the late 19th century. Its advocates were in favor of an inflationary monetary policy using the "free coinage of silver" as opposed to the less inflationary gold standard; its supporters were called "Silverites". The Silverites promoted bimetallism, the use of both silver and gold as currency at the ratio of 16 to 1. Because the actual ratio was about 32 to 1 at the time, most economists warned that the cheaper silver would drive the more expensive gold out of circulation. Everyone agreed that free silver would raise prices; the question was whether or not this inflationary measure would be beneficial. The issue peaked from 1893 to 1896, when the economy was in a severe depression—called the Panic of 1893—characterized by falling prices, high unemployment in industrial areas, and severe distress for farmers. The debate pitted the pro-gold financial establishment of the Northeast, along with railroads, factories and businessmen, who were creditors who would benefit from disinflation, against poor farmers who would benefit from higher prices for their crops. Free silver was especially popular among farmers in the wheat belt and the cotton belts, as well as silver miners in the West. It had little support among farmers in the Northeast and the Corn Belt. Free silver was the central issue for Democrats in the presidential election of 1896 and that of 1900, under the leadership of William Jennings Bryan. The Populists also endorsed Bryan and free silver in 1896, which marked the effective end of their independence. In major elections free silver was consistently defeated, and after 1896 the nation moved to the gold standard.

How to pronounce free silver?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say free silver in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of free silver in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of free silver in Pythagorean Numerology is: 2

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Free_Silver
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=free silver