Cross of Gold

About

The Cross of Gold speech, delivered by William Jennings Bryan at the 1896 Democratic National Convention, is a pivotal moment in American political history. Bryan, a former U.S. Representative from Nebraska, used the speech to advocate for bimetallism, supporting the use of both gold and silver as legal tender. This stance, known as "Free Silver," aimed to alleviate economic hardships faced by farmers and laborers, who felt constrained by the gold standard. Bryan's powerful oratory skills and use of religious imagery captivated the audience, leading to his nomination for president by the Democratic Party. Bryan's speech argued that the gold standard favored wealthy elites while harming the working class. He famously declared, "You shall not crucify mankind upon a cross of gold," emphasizing the need for economic reforms. The speech was part of a broader debate over monetary policy, with the gold standard limiting the money supply but facilitating international trade. Although Bryan lost the presidential election to William McKinley, his speech remains iconic for its eloquence and influence on economic discourse during that era. It marked a significant moment in American politics, highlighting the deep divisions over economic policies and the struggle for reform.