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It was a strength for the populist party because it showed how to improve the economy and to make things easier for regular people who participated in the economy but were limited due to the gold standard. Bryan stated in what is one of the most famous speeches in history of the United States that it is necessary to switch to bimetallism to help the economy and help the people because without bimetallism the money supply for the people would never increase.
It was a weakness because it divided the party. Cleveland who was a democratic party nominee kept sticking to the gold standard and the adoption of populist politics divided the party. Eventually, the populist supporters overtook the democratic party which meant that the populist party lost its position in the system in the long run. The democrats adopted their policies and started using them as their own to oppose the republicans, and now the populists lost votes because their voters switched to support the democratic party.
William Jennings Bryan was a famous Nebraskan politician and orator from the 19th and 20th centuries. This speech took place in Chicago, during the Democratic National Convention in 1896.
It was a weakness because it divided the party. Cleveland who was a democratic party nominee kept sticking to the gold standard and the adoption of populist politics divided the party. Eventually, the populist supporters overtook the democratic party which meant that the populist party lost its position in the system in the long run. The democrats adopted their policies and started using them as their own to oppose the republicans, and now the populists lost votes because their voters switched to support the democratic party.
William Jennings Bryan was a famous Nebraskan politician and orator from the 19th and 20th centuries. This speech took place in Chicago, during the Democratic National Convention in 1896.
The speech of William is seen as a strength to populists as the speech was in favor of populists' ideas of bimetallism. However, it also became a weakness as William was a democrat that lead to the loss of some votes of populists.
The speech of William expressed ways to improve and develop the economy by removing gold standards and bringing bimetallism. Therefore, bimetallism would help in increasing the money supply in the economy, which was also the opinion of populists.
However, there were many people who were still in support of gold standards that lead to the partition of the party. Therefore, the vote bank of populists declines as many joined the democratic party.
Learn more about William Jennings Bryan's "cross of gold" speech here:
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