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3 years ago

Why did the farmers in the late 1800s want inflation?

2 answers:

4 0

Brainly User

Inflation means that the circulation is running and the production rises as well as the pay. It means that the economic flow is running perfectly.

Farmers wanted more income and revenue, so in order for that to happen, they wanted the production to rise, so that more people could buy from them

Strike441 [17]3 years ago

3 0

Serious deflation issues. Farmers wanted the US to put more money into circulation, causing inflation. Inflation helps farmers in two ways: 1) food costs more, so they get more money for their crops 2) when they have to pay back loans, they do so with inflated money. The money is the same amount, but due to inflation, they have more dollars. (The number of dollars increases, while the actual value of a dollar decreases - it's kind of deep and can be confusing...)
<span>Farmers also had issues with railroads overcharging them. </span>

<span>This is why a lot of farmers joined the Populist Party in the early 1890s, since they felt that these were pressing issues and were not being addressed by either the Republicans or the Democrats. Unfortunately for the farmers, the Populists merged with the Dems in 1896 and ran William Jennings Bryan, who lost, and the Populists lost their identity.</span>

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Match each example with the type of tax it represents.

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Answer:

1. Progressive taxation: Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36.000.

2. Proportional taxation: Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000.

3. Regressive taxation: Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000.

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Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

There are three (3) types of taxation used by the government, these are;

1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.

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2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.

For instance, Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000.

3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.

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