Free silver was a major economic policy issue in the United States in the late 19th century. Its advocates were in favor of an expansionary monetary policy featuring the unlimited coinage of silver into money on-demand, as opposed to strict adherence to the more carefully fixed money supply implicit in the gold standard. Free silver became increasingly associated with populism, unions, and the perceived struggle of ordinary Americans against the bankers, monopolists, and robber barons of the Gilded Age. Hence, it became known as the "People's Money".

The 1900 United States presidential election was the 29th quadrennial presidential election, held on Tuesday, November 6, 1900. In a re-match of the 1896 race, incumbent Republican President William McKinley defeated his Democratic challenger, William Jennings Bryan. McKinley's victory made him the first president to win a consecutive re-election since Ulysses S. Grant accomplished the same feat in 1872. Until 1956, this would be the last time in which an incumbent Republican president would win re-election after serving a full term in office. This election saw the fifth rematch in presidential history, something that would also not occur again until 1956. This was also the first rematch to produce the same winner both times.