... farmers who formed the backbone of the Populist movement were largely dependent on credit in order to run their farms. Because they needed loans, and the deflation typical in the Gilded Age made loans harder to pay back, they wanted more money to go into circulation to cause mild inflation. Inflation would make loans easier to pay off. Populists supported increases in ... ...

• Word Count: 503
• Approx Pages: 2
• Grade Level: Undergraduate