Question

Which of the following economic situations did farmers want to see in the late 1800s? Question 10 options: High tariffs Inflation Recession Deflation

Answer 1

Answer:

Inflation

Explanation:

Inflation because In the 1800's, farmers wanted inflation so they could sell their products at a higher price and thus making it easier to pay off their debts.

Farmers needed to borrow large amounts of money to afford land, machinery, and sometimes even seeds. To top that, the Gold Standard made it so that only the richest people could afford gold.