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What is the relationship between the Wizard of Oz and precious metals (Gold/silver…)?

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What is the relationship between the Wizard of Oz and precious metals (Gold/silver…)?

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“Some scholars have theorized that the images and characters used by Baum and Denslow closely resembled political images that were well known in the 1890s, specifically the debate of the day regarding monetary policy: the “Yellow Brick Road” represents the gold standard, the silver slippers (which were ruby slippers in the film version) represent the sixteen to one silver ratio (dancing down the road). Many other characters and story lines represent identifiable people or circumstances of the day. The wicked witches of the east and west represented the local banks and the railroad industry, respectively, both of which drove small farmers out of business. The scarecrow represents the farmers of the Populist party, who managed to get out of debt by making more silver coinage. The return to bimetallism would increase inflation, thus lowering the real value of their debts. The Tin Woodman represents the factory workers of the industrialized North, whom the Populists saw as being so hard-pr

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