FREESILVER
Free silver
Free silver was a Central United States policy issue in the late 19th century. Its advocates were in favor of an inflationary monetary policy using the "free coinage of silver" as opposed to the less inflationary gold standard; its supporters were called "Silverites". The Silverites promoted bimetallism, the use of both silver and gold as currency at the ratio of 16 to 1 . Because the actual ratio was about 32 to 1 at the time, most economists warned that the cheaper silver would drive the more expensive gold out of circulation. Everyone agreed that free silver would raise prices; the question was whether or not this inflationary measure would ...The above text is a snippet from Wikipedia: Free silver
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