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Inflation Causes a decline in the value of money. As money loses value, prices of good go up. Consumers cannot afford the goods and businesses go out of business due to lack of sales.
Deflation Increase in the value of money and an decrease in the level of prices. As money increases in value, prices of goods begin to fall. Producers can't make enough $ to stay in business.
The Grange National FARM organization that pressured state governments for help.
William Jennings Bryan Democratic nominee for pres. in 1896. Strong supporter of increasing the coinage of silver. Backed by Populists
People's (Populist) Party Grangers from Kansas dissatisfied with the Grange. Began nominating candidates to run for office and represent their best interests. This movement spread to other western states.
Gold Standard monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
Created by: Igroc