What was the purpose of the cross of gold speech quizlet?
What was the purpose of the cross of gold speech quizlet?
Delivered by William Jennings Bryan at the 1896 Democratic National Convention in Chicago. The speech advocated bimetallism. At the time, the Democratic Party wanted to standardize the value of the dollar to silver and opposed pegging the value of the United States dollar to a gold standard.
What did William Jennings Bryan campaign for?
His campaign focused on silver, an issue that failed to appeal to the urban voter, and he was defeated in what is generally seen as a realigning election. The coalition of wealthy, middle-class and urban voters that defeated Bryan kept the Republicans in power for most of the time until 1932.
What is the meaning of the cross of gold?
Wiktionary. cross of goldnoun. A public policy which puts the interests of the rich ahead of those of the poor. Etymology: Originating from a speech by US politician William Jennings Bryan in 1896, describing a metaphorical crucifixion of the working class by maintaining the gold standard.
Which of the following is a definition of the gold standard quizlet?
A monetary standard under which the basic unit of currency is equal in value to and exchangeable for a specified amount of gold. …
What was the purpose of bimetallism?
Bimetallism was intended to increase the supply of money, stabilize prices, and facilitate setting exchange rates. Some scholars argued that bimetallism was inherently unstable owing to Gresham’s law, and that its replacement by a monometallic standard was inevitable.
What is the gold system?
The gold standard is a monetary system where a country’s currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price.
What did William Jennings Bryan believe in?
After leaving office, Bryan retained some of his influence within the Democratic Party, but he increasingly devoted himself to religious matters and anti-evolution activism. He opposed Darwinism on religious and humanitarian grounds, most famously in the 1925 Scopes Trial.
Which of the following is a definition of the gold standard?
gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency. These “trigger” prices are known as gold points.
