Who does Bryan believe benefits from the gold standard?

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2026-04-17 10:41

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Bryan believed that the gold standard primarily benefited wealthy bankers and industrialists who had access to capital and could manipulate monetary policy to their advantage. He argued that it restricted the money supply, which harmed farmers and working-class citizens by keeping prices low and debts high. In his view, a more flexible monetary system, such as bimetallism, would promote economic fairness and empower the common people.

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