The question of money during the late 19th Century was primarily concerned with
a. inflation versus deflation. b. gold and copper. c. lower class versus middle class. d. all the above were equally true.
1 Answer | Add Yours
The only possible correct answer to this question is A.
As seen in such things as the controversy over the "Crime of 1873," the issue of money had to do with silver versus gold, not copper versus gold. It did not really pit the lower class against the middle class. Rather, it was more of an issue of farmers against others, particularly the rich and the banks. The whole point of this debate had to do with whether much inflation would be allowed to happen. The farmers wanted "free silver," which would lead to inflation and make their debts easier to pay. The banks wanted to stay on the gold standard, which could lead to deflation and make the money owed more valuable.
We’ve answered 317,869 questions. We can answer yours, too.Ask a question