Nevada mining is an industry of speculation…
1872 CE
The 1867 expansion of Nevada’s southern boundary had been prompted by the discovery of gold in the area, since officials thought Nevada would be better able to oversee the expected gold rush.B
After 1870, however, the mining industry had begun to go into eclipse, as the state's Silverite politicians work to secure laws to require the federal government to purchase silver.
Silverites, who belong to a number of political parties, including the Silver Party, Populist Party, Democratic Party, and the Silver Republican Party, want to lower the gold standard of the United States to silver (which would simultaneously allow more money to be printed and made available to the public and cause inflation).
Many Silverites are in the West, where silver is mined.
Advocates predict that if silver were used as the standard of money, they would be able to pay off all of their debt.
The debt amount would stay the same but they would have more silver money with which to pay it.
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