The currency debate

What was one suggestion made by populists to help farmers during the financial crisis?

• Increase taxes on imports

• Build silos to store excess grain

• Reduce interest rates

• Provide free land

What effect does inflation often have according to the text?

• Decreases interest rates

• Increases interest rates

• Stabilizes interest rates

• Eliminates interest rates

What did the Bland-Allison Act of 1878 require the U.S. Treasury to do?

• Stop minting silver coins

• Buy a certain amount of silver each month

• Increase the production of gold coins

• Reduce the amount of paper currency

What was the main goal of the Free Silver Movement?

• To eliminate the use of gold

• To tie paper currency to both silver and gold

• To increase taxes on silver

• To reduce the amount of silver in circulation

Who gave the 'Cross of Gold' speech?

• William McKinley

• William Jennings Bryan

• Theodore Roosevelt

• Grover Cleveland

What was the outcome of the 1896 Democratic Party Convention for William Jennings Bryan?

• He lost the nomination

• He won the Democratic nomination

• He withdrew from the race

• He switched to the Republican Party

What did the gold standard ensure about paper currency?

• It was backed by silver

• It was backed by gold

• It was backed by both silver and gold

• It was not backed by any metal

What caused populists to take up the free silver issue again in 1893?

• A new law was passed

• An economic panic

• A successful harvest

• A decrease in gold reserves

What did the federal government not agree to in terms of silver coins?

• Unlimited coinage of silver coins

• Limited coinage of silver coins

• Coinage of gold coins

• Coinage of copper coins

Who won the election against William Jennings Bryan?

• Grover Cleveland

• William McKinley

• Theodore Roosevelt

• Benjamin Harrison