Imagine President Trumps legacy when this is all said and done. Truly a once in a millenia legend.
Thanks for sharing. I'm not sure I agree with McKinleys stance against using silver as money, or maybe I'm just misunderstanding that part.
Silver was the poor man's money. Silver miners were finding lots, and exchanging it at a fixed rate. Naturally, the bankers didn't like that, since they were forced to pay the inflated rate for the newly, more abundant metal. So Bryan took the populist position, while McKinley took the more conservative, and banker approved, line.
I don't know McKinley's reason for this. Maybe he just really like sound money, and wanted to stick with tradition.
Imagine President Trumps legacy when this is all said and done. Truly a once in a millenia legend. Thanks for sharing. I'm not sure I agree with McKinleys stance against using silver as money, or maybe I'm just misunderstanding that part.
He wanted to stick to gold as opposed to silver.
Silver was the poor man's money. Silver miners were finding lots, and exchanging it at a fixed rate. Naturally, the bankers didn't like that, since they were forced to pay the inflated rate for the newly, more abundant metal. So Bryan took the populist position, while McKinley took the more conservative, and banker approved, line.
I don't know McKinley's reason for this. Maybe he just really like sound money, and wanted to stick with tradition.