Explain What Was A Major Political Issue In The Age Of Industry

147 Words1 Pages
A major political issue in the Age of Industry was currency. One political sect that was influential with the state of the nation’s currency was the Grange, an organized group of farmers founded by Oliver Kelley. The Grange contested for increased circulation of greenbacks, which increased inflation, thereby increasing prices of sold goods. However, the farmers did not realize that inflation would also increase prices of purchased goods. Also, miners of America petitioned for the free coinage of silver, which they anticipated would cause the price of silver to rise drastically. Farmers and workers also vied for free silver because they hoped that it would create cheap money. To appease the members of what was called the Free Silver Movement,