Respuesta :
For decades there had been significant debate about the amount of currency in circulation. Farmers wanted more to able to have loans at lower interest rates. Obviously this did not appeal to businessmen who would want to have higher interest rates. In the years prior there had been considerable debate over the use of the gold standard and increasing the minting of coins in silver. This would be the last election where a major candidate could win the presidency by winning only by the agrarian or "farmer" vote, due to the increase in urban centers throughout the U.S. passing the threshold.
The elections of 1896 demonstrate tensions between farmers and the wealthy on the use of Gold Standards and minting of silver coins. Farmers were seeking loans at low-interest rates which were not applicable for the businessman.
Further Explanations:
The Presidential poll of 1896 of America was the 28th quadrennial poll held on 3rd November 1896. In the election, William Jennings Bryan was overwhelmed by the prior governor William McKinley. The election was held during the era of the Great Depression and was also considered as a realigning election that began the Fourth Party System, thus ended the former Third-party system.
From many years debates were going on about the circulation of currency in the nation and the use of gold standards and minting of coin silvers. Farmers were asking for loans at low rates which were not accepted by the Capitalists who wanted to increase the rates. It was obvious that the candidates who will be able to flatter the farmers will win the election.
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Answer Details
Grade: High School
Subject: US History
Chapter: Presidential election of 1896
Keywords:
Presidential, United States, quadrennial, William Jennings Bryan, William McKinley, Great Depression, Fourth party System, Third-party system, gold standards, minting, coin silvers, coin silvers
