And thus William Jennings Bryan's famous Cross of Gold speech: "You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold."
The gold standard meant that there was no ability to increase the monetary base (and thus no inflation!) at that time (1890s), causing much bitterness among populists.
The gold standard meant that there was no ability to increase the monetary base (and thus no inflation!) at that time (1890s), causing much bitterness among populists.