19. Free Silver
Length: {5:10 minutes}
Summary of Free Silver Movement and William Jennings Bryan
Economic Manipulation by Money Changers
- Economic Booms and Busts:
- The money changers periodically created economic booms followed by depressions to acquire homes and farms cheaply.
- 1891 ABA Memo:
- The American Bankers Association (ABA) planned a depression for September 1, 1894, by refusing to renew loans and foreclosing on properties, aiming to control the American economy and force farmers into tenant status.
Push for Silver Money
- Gold Standard Manipulation:
- Since gold was scarce and easy to manipulate, the money changers controlled the economy, prompting public demand for the legalization of silver money to break this stranglehold.
- Crime of 1873:
- The demonetization of silver in 1873, referred to as the “Crime of ’73,” led to widespread demand for its reinstatement.
William Jennings Bryan’s Campaigns
- Presidential Campaign of 1896:
- William Jennings Bryan, a Democratic senator, ran on the free silver issue. His famous “Crown of Thorns and Cross of Gold” speech at the Democratic National Convention won him the nomination.
Fierce Election Contest:- Subsequent Runs and Influence:
- Bryan ran for president again in 1900 and 1908, but was unsuccessful. In 1912, he played a key role in securing the Democratic nomination for Woodrow Wilson, who appointed Bryan as Secretary of State.
- Resignation and Legacy:
- Bryan resigned in 1915 over disagreements with Wilson, particularly concerning the sinking of the Lusitania. Although he never became president, his efforts delayed the establishment of a new central bank by the money changers for 17 years.
- The 1896 presidential race was fiercely contested. Bryan campaigned vigorously, but the Republican candidate, William McKinley, with strong backing from bankers and industrialists, won by a narrow margin.
but the videos in the index below will also end correctly.
- INDEX (with correct start and stop times opening in a new window):
- 1. Intro {10:38 minutes}
- 2. The Money Changers {1:14 minutes}
- 3. Roman Empire {1:35 minutes}
- 4. The Goldsmiths {4:40 minutes}
- 5. Talley Sticks {4:55 minutes}
- 6. The Bank of England {4:20 minutes}
- 7. The Rise of the Rothschilds {5:35 minutes}
- 8. The American Revolution {6:30 minutes}
- 9. The Bank of North America {2:35 minutes}
- 10. The Constitutional Convention {2:51 minutes}
- 11. First Bank of the United States {4:20 minutes}
- 12. Napoleon’s Rise To Power {2:41 minutes}
- 13. Death of the First Bank {2:10 minutes}
- 14. Waterloo {6:05 minutes}
- 15. Second Bank of the U.S. {1:20 minutes}
- 16. Andrew Jackson {9:52 minutes}
- 17. Abe Lincoln {16:23 minutes}
- 18. The Return of the Gold Standard {10:41 minutes}
- >>19. Free Silver {5:10 minutes}<<
- 20. J.P. Morgan and the Crash of 1907 {4:55 minutes}
- 21. Jekyll Island {11:45 minutes}
- 22. Fed Act of 1913 {11:37 minutes}
- 23. World War I {7:21 minutes}
- 24. Great Depression {13:58 minutes}
- 25. FDR/WWII {13:00 minutes}
- 26. IMF/World Bank {11:51 minutes}
- 27. Conclusions {27:52 minutes}
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