Gilded age progressive era - have hit
There had been frequent attempts to establish a bimetallic standard, which in turn would have created inflationary pressures and placed more money into circulation that could have subsequently benefitted farmers. But the government remained committed to the gold standard, including the official demonetizing of silver altogether in Such a stance greatly benefitted prominent businessmen engaged in foreign trade while forcing more farmers and working-class Americans into greater debt. As farmers and working-class Americans sought the means by which to pay their bills and other living expenses, especially in the wake of increased tariffs as the century came to a close, many saw adherence to a strict gold standard as their most pressing problem. With limited gold reserves, the money supply remained constrained. At a minimum, a return to a bimetallic policy that would include the production of silver dollars would provide some relief. However, the aforementioned Sherman Silver Purchase Act was largely ineffective to combat the growing debts that many Americans faced. Under the law, the federal government purchased 4. gilded age progressive eraGilded age progressive era Video
American Civilisation : the gilded age and the progressive era
Contrast this to the Progressive Era and the desire to create a more orderly and fairer society. Did the Progressives achieve their goals of reigning in the robber barons, bringing order to the chaos of urbanization, curbing the power of corporations, and eliminating the excesses of the proyressive expansion in the area of resource exploitation?
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