Effects

Gold Bugs

Inflation - Prices rise, value of money decreases, more people have money

Who They Were

Silverites

Check Answer

Bankers and Businessmen

What They Wanted

Farmers and Industrial Laborers

Gold Standard Less money in circulation

Why They Wanted It

bimetallism More money in circulation

Loans would be repaid in stable money

Products would be sold at higher prices

Deflation - Prices fall, value of money increases, fewer people have money