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  • 16-02-2022
  • History
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Why did farmers want currency backed by silver and gold.

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  • 16-02-2022

Answer:

The point of this policy was to give people a more accessible and stable currency. As it stood, gold was rare and expensive, making the debts of people like farmers (the main base of the populist party) hard to pay back. People wanted a currency that was easy to get their hands on, like greenbacks or silver.

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