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Essay / Research Paper Abstract
A 3 page essay that summarizes the life and career of William Jennings Bryan (1860-1925), a Nebraska Congressman, who was one of the nation’s leading and most controversial politicians in the late nineteenth and early twentieth centuries. Examination of the main controversy that Bryan generated, the “free silver” movement, offers insight how the current monetary system of the U.S. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: D0_khwjbref.rtf
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controversy that Bryan generated, the "free silver" movement, offers insight how the current monetary system of the U.S. Although Bryan was known as the "Boy Orator of the Platte,"
he was born in Illinois, the son of a respected lawyer (Edwards "William"). He grew up and received his education in Illinois, but moved to Nebraska in 1887, establishing a
law partnership with classmate from his college. He gained a reputation as a speaker and was famous for his "oratorical powers" (Edwards "William"). He ran for Congress in 1890 and
won. By 1893, he was prominent in the "free silver" movement (Edwards "William"). President Abraham Lincoln helped to finance the Civil War by issuing "Greenbacks, the first national paper
money," but this tactic subsequently stimulated inflation (Edwards "The Currency"). In the decades following the war, Republican leaders endeavored to paper money from circulation "until each dollar had 100 percent
backing in metal reserves" (Edwards "The Currency"). This tactic caused economic depressions in the 1870s and 1890s, as this policy was directly opposite to the action that the Federal Reserve
of today would pursue during an economic decline (Edwards "The Currency"). This strategy was perceived by the general public as favoring bankers and lenders, while hurting the common farmer, worker
and borrower (Edwards "The Currency"). During this era, huge deposits of silver were discovered in Nevada, which greatly increased the countrys silver supply. To the "Silver Democrats," such as
Bryan, it made sense to back the currency with silver, rather than gold and "Free silver" became their motto (Edwards "The Currency"). In essence, the main goal of the "free
silver" movement, in which Bryan was a prominent voice, was a cheaper dollar. However, opponents argued that this would "cheat lenders of an honest return on their money," while simultaneously
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