Money Question (1 mai 1873 – 1 mai 1895)

Description:

The money question rose from debates during the Gilded Age on how much they should expand the money supply. Debtors, farmers, and new businesses wanted easier money in circulation. This would have allowed them to borrow money at low interest rates and easily pay off their loans with the inflated dollars. many Americans placed blame under gold standard for limiting the money supply after the Panic of 1873. Easy money advocates campaigned paper more paper money and for the unlimited minting of the silver coin in order to expand the supply of U.S. currency. Bakers, creditors, investors, and fully established businesses or against this. They wanted a currency based on gold stored and government votes and argued that dollars backed by gold would hold their value against inflation. Since the economy and population grew faster than the number of golds backed dollars, it was expected that each dollar would increase in value. the dollar did increase in value love to about 300% between the years of 1865 and 1895.

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