The 'free silver' movement sought to expand the money supply by introducing silver as currency. A) True B) False
Understand the Problem
The question is asking for a true or false response regarding the goals of the 'free silver' movement and whether it aimed to expand the money supply by introducing silver as currency.
Answer
True
True
Answer for screen readers
True
More Information
The Free Silver Movement was a late 19th-century American political initiative aiming to increase the money supply by allowing the unlimited coinage of silver. This was intended to create inflation and counteract the deflation caused by the gold standard.
Tips
A common mistake is confusing the aim of creating inflation through bimetallism with other economic policies that might aim for deflation or stability.
Sources
- The web page with info on - Example Source - stlouisfed.org
- Free Silver Movement | 19th-century United States History, Coinage ... - britannica.com
- Free silver - Wikipedia - en.wikipedia.org
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