Climax
The Populist Party had a strong free-silver element. Its subsequent combination with the Democratic Party moved the latter from the support of the gold standard which had been the hallmark of the Cleveland administration to the free-silver position epitomized by 1896 presidential nominee William Jennings Bryan in his Cross of Gold speech. Bryan's 1896 candidacy was supported by Populists and "silver Republicans" as well as by Democrats.
The issue was over what would back the US currency. The two options were: gold (wanted by the Goldbugs and William McKinley) and silver (wanted by the Silverites and Bryan). Unbacked paper (wanted by the Greenbacks) represented a third option.
Read more about this topic: Free Silver
Famous quotes containing the word climax:
“As for Hitler, his professed religion unhesitatingly juxtaposed the God-Providence and Valhalla. Actually his god was an argument at a political meeting and a manner of reaching an impressive climax at the end of speeches.”
—Albert Camus (1913–1960)