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Address to the Democratic Convention (1896)

question 5

Multiple Choice

Address to the Democratic Convention (1896)
William Jennings Bryan
There are two ideas of government. There are those that believe if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous, their prosperity will find its way up and through every class that rests upon it. . . .
You come to us and tell us that the great cities are in favor of the gold standard. I tell you that the great cities rest upon these broad and fertile prairies. Burn down your cities, leave our farms, and your cities will spring up against as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country.
-Which of the following most influenced the statements made by Bryan in the excerpt?

Understand the relationship between personal financial decisions, opportunity costs, and financial security.

Understand the concept and calculation of budget surplus and deficit.

Identify the purpose and appropriate contents of a safe deposit box.

Differentiate between current liabilities and long-term liabilities.

Definitions:

Contract Rescission

The legal act of canceling a contract and returning the parties involved to their positions before the contract was signed.

Mistake Of Value

A legal concept referring to an error made by one or both parties at the time of contract formation, concerning the value of the goods or services to be exchanged.

European Courts

Judicial institutions operating within Europe, including both national courts of individual sovereign countries and transnational courts such as the European Court of Justice.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another, when the latter has reasonably relied on that promise to their detriment.