almost certainly gives us President William Jennings Bryan in 1896, which would be a very good thing.
Oh great, a goldbug.Oh good - so free silver lunatics can drive the economy to a much longer depression and destabilize the dollar!
The economy was in the toilet, why wouldn't the Democrats be favored?The Democrats would not be any less divided in this 1896 than they were in our own. WJB is far from guaranteed nomination, let alone victory.
I did not think Harrison was a silver guy, but if he was, silver guy to silver/fiat guy is not a viable change in this era.The economy was in the toilet, why wouldn't the Democrats be favored?
It would be Bryan vs McKinley no Bryan vs HarrisonI did not think Harrison was a silver guy, but if he was, silver guy to silver/fiat guy is not a viable change in this era.
There's no guarantee that McKinley would be the GOP nominee, and, if you're arguing that Harrison's economic policy would have been ruinous then the last thing the parties would do i nominate tickets advocating for the same ruinous policies.It would be Bryan vs McKinley no Bryan vs Harrison
A. When did I say Harrison would embrace free silver?There's no guarantee that McKinley would be the GOP nominee, and, if you're arguing that Harrison's economic policy would have been ruinous then the last thing the parties would do i nominate tickets advocating for the same ruinous policies.
To be honest, I think if Harrison's second term goes badly due to embrace of 'free silver', John Palmer gets the Democratic nomination in 1896.
Cleveland's embrace of gold in his second term saved the country in the long term. If you're saying Harrison charts a similar course, then fine, but the economic effects would not be different, and Bryan was a lightning rod.A. When did I say Harrison would embrace free silver?
B. The Republicans wholeheartedly embraced the gold standard that caused the panic.
The Gold Standard is universally regarded by economists as being a disaster and that eliminating it was crucial in ending the great depression.Cleveland's embrace of gold in his second term saved the country in the long term. If you're saying Harrison charts a similar course, then fine, but the economic effects would not be different, and Bryan was a lightning rod.
Yes. Later. In this era it really was the standard, and the silver schemes were ruinous.The Gold Standard is universally regarded by economists as being a disaster and that eliminating it was crucial in ending the great depression.
In what regard?Yes. Later. In this era it really was the standard, and the silver schemes were ruinous.
Proponents of "free silver" supported having a fixed rate of exchange for gold versus silver that ignored natural fluctuations in value between the two metals.In what regard?
It would've brought badly needed inflation.Proponents of "free silver" supported having a fixed rate of exchange for gold versus silver that ignored natural fluctuations in value between the two metals.
Which ended up happening anyway due to the Yukon Gold Rush.It would've brought badly needed inflation.
Err, no, it would have and did cause a run on the banks by artificially inflating the value of silver relative to gold.It would've brought badly needed inflation.
how could it do that if it was never implemented?Err, no, it would have and did cause a run on the banks by artificially inflating the value of silver relative to gold.
We briefly had free silver as the law of the land if memory serves. Even if I'm wrong about that, the idea of what was proposed was bad enough that its effects can be discerned.how could it do that if it was never implemented?