The Free Silver Movement and Inflation
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- The Free Silver Movement and Inflation
- Reserve Bank
- St. Louis
Students learn that money is a medium of exchange that facilitates economic activity. Next, students learn the relationship between the money supply and inflation by participating in an inflation auction using gold and silver notes to better understand the historic debate of the Free Silver Movement. Students then read William Jennings Bryan’s “Cross of Gold” speech to relate the historical context. The students use historical data to calculate income, fixed expenses, and variable expenses of a farmer to further understand the historical argument presented by the Free Silver Movement. Finally, students analyze two political cartoons against the Free Silver Movement.
|barter, inflation, deflation, medium, of, exchange, fiat, money, variable, expenses, fixed, expenses, United, States, history|