Monday, January 7, 2008

LAD #20- Bryan's Cross of Gold Speech

The Cross of Gold speech was delivered by Williams Jennings Bryan at the Democratic National Convention in Chicago in 1896. The speech supported bimetallism, using both silver and gold to represent the nation's currency. Included in his speech is the idea that the inflation that would result from the silver standard would make it easier for farmers and other debtors to pay off their debts. Also, it would reverse the deflation which the U.S. had previously experienced. To conclude with his speech, Bryan's attacks the gold standard as well.

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