Silver Republican Party
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The Silver Republican Party was a short-lived U.S. political party formed by predominantly GOP politicians who supported bimetallism, a coinage of silver along with gold as currency. The Silver GOP promoted inflationary monetary policy and carried a populist bent, appealing to rural westerners.
Timeline
The Republican Party platform of 1896 stated:[1]
| “ | We are unalterably opposed to every measure calculated to debase our currency or impair the credit of our country. We are therefore opposed to the free coinage of silver, except by international agreement with the leading commercial nations of the earth, which agreement we pledge ourselves to promote, and until such agreement can be obtained the existing gold standard must be maintained. | ” |
As a result, the pro-silver wing of the GOP bolted from the party convention that year and formed the Silver Republican Party, which issued an official endorsement of Democrat nominee William Jennings Bryan.[2]
References
- ↑ June 18, 1896. Republican Party Platform of 1896. The American Presidency Project. Retrieved October 3, 2021.
- ↑ Silver Republican Party. Encyclopedia.com. Retrieved October 3, 2021.