Monday, January 7, 2008

LAD #20: Bryan's Cross of Gold Speech

Bryan's cross of gold speech, which was the most famous speech made by a politician in America, spoke of the matter of whether silver should be freely coined at a 16:1 ration with gold.

In the first paragraph of the speech, Bryan opened up the argument with the statement that people live and die, but principles last forever, and that day they were deciding on a principle. In the time of the speech, a group of democrats called the silver Democrats took control of the party and slowly moved throughout the country, pushing for the free coinage of silver. In this decision, men did not side on their own personal opinions, they sided with their own group's opinion. Bryan argued that the businessmen of the northeast were too strict and did not keep in mind the needs of the average man. He argued that farmers and miners were just as good businessmen as the ones in New England. Bryan claims they are fighting for the common man in the Midwest and other places, who needs the silver in order to pay off their debts. He also believed that the income tax was good for the people and that the government should be in charge of coining money. many people cared more about the gold issue than the tariff because it was a more important issue at the time. Bryan urged that we must stray away from the gold standard and move toward bimetallism.

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