Why did industrialist oppose the increased coinage of silver during the 19th century?

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2026-02-27 05:50

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Industrialists opposed the increased coinage of silver during the 19th century primarily because they favored a gold standard, which was seen as more stable and conducive to economic growth. They believed that an increased supply of silver would lead to inflation, undermining the value of money and creating uncertainty in business transactions. Additionally, industrialists were concerned that a bimetallic standard would disrupt international trade and investment, as many countries adhered to the gold standard. This preference for a stable currency aligned with their interests in promoting industrial expansion and maintaining economic stability.

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