Money Supply and deflation
Money supply is the amount of money the national economy has. When the government increases in my supply the cost of every dollar drops, that drop becomes inflation.
Deflation is the decrease of the general price level on goods and services. Deflation is caused by a change in supply and demand, which would make things either cheaper or more expensive.
Bimetallism standered free silver, and the difference between the two
Bimetallism Standered is the type of standered the country used to be on. This standered consists of Gold or silver coins and United States treasury knows that could be trade in for gold or silver. The government switched to the Gold standard to prevent inflation and stabilize the economy.
Free silver is the coining of silver dollars to increase the money supply because western farmers and silver miners were worried that ending silver as a monetary standard wood job farm prices.
Difference between the two: the Bimetallism Standered is a money system that the country used to use, while Free silver was the process of coining of silver dollars. Coining of silver dollars would increase the money supply.
Bland allison act
This act was approved in 1878 and it forced the federal government to purchase and make more silver, which would increase the money supo and cause inflation. Present Ruford B Hayes vetoed this act because he opposed the information. Congress ended up overthrowing Hayes's Veto, but the act only had slight effects because the Treasury Department only agreed to by the minimum amount of silver required to complete the act.
Sherman silver Purchase act
The Sherman Silver Purchase act caused an increase in the amount of silver the government was required to purchase every month. Congress passed it act in 189o, but during the early 90's the amount of gold the government had decreased which almost caused the country to file for bankruptcy. The president Grover Cleveland blamed the Shurman Silver Purchase act for serious crisis in which both the government and country were in. Later on the act was appealed in 1893 after all the losses it caused.
The Grange was created by Oliver H. Kelly in 1866 after he was disturbed by the farmers isolation in the south. The Grange was also known as the Patrons of Husbandry and they brought large quantities of goods to farmers for lower prices than they would usually get. He also convinced the state legislator to regulate the businesses the farmers depending most on like the place that stored the farmers crops and the ropailroads the dozens of crops to the markets to be sold.
The farmers' Alliance
Even though the Grange was still around,farmers began to form their own groups in the 1800s a large number of farmers joined the Farmers' Alliance. The Main cause of anger for this group was railroads. In Texas, when the Farmers' Alliance came about in the mid-1870s, it give believed in the federal collation of railroads, more money in circulation, the creation of the departments of agriculture
Interstate commerce act
The Interstae Commerce Act was passed in February 4, 1887, This act made an Interstate Commerce Commission to look over the conduct of the railroad industry. Because of this act, the railroads became the first industry subject to Federal regulation. Congress passed this act because the people of America thought it would be the best decision to have the railroads be regulated.