Which statement explains why maintaining the gold standard had a negative impact on American farmers in the late 19th century? A. It made purchasing government-owned land increasingly expensive B. It decreased the amount of money banks could loan to farmers C. It restricted the size of the money supply, which kept crop prices from increasing. D. It slowed economic growth, which reduced manufacturers' demands for cotton

Question

Stella Oconnell

History

19 November, 06:06

Which statement explains why maintaining the gold standard had a negative impact on American farmers in the late 19th century? A. It made purchasing government-owned land increasingly expensive B. It decreased the amount of money banks could loan to farmers C. It restricted the size of the money supply, which kept crop prices from increasing. D. It slowed economic growth, which reduced manufacturers' demands for cotton

+1

Answers (1)

Know the Answer?

Swanson · Answer 1

"C. It restricted the size of the money supply, which kept crop prices from increasing" is the best option from the list, since most of the farmer's revenues relied on a steady amount of inflation in order to keep prices rising.