William Jennings Bryan - Cross of Gold - 1896
William Jennings Bryan delivered his famous "Cross of Gold" speech at the 1896 Democratic National Convention in Chicago. The speech was delivered in the context of a bitter debate over the monetary policy of the United States. At the time, the country was on the gold standard, which meant that the value of the dollar was tied to the price of gold. This policy had been in place since 1873, and it was widely supported by bankers and financiers in the East. However, Bryan, who was a populist Democrat from Nebraska, believed that the gold standard was hurting farmers and workers in the West and South. He argued that the gold standard created deflation, which made it harder for farmers to pay off their debts and for workers to earn a living wage. Bryan's solution was to adopt a bimetallic standard, which would include the use of silver in addition to gold. He argued that the increased money supply that would result from the use of both metals would stimulate economic growth a...