Question

Why did farmers in the late 1800s want inflation? A. Inflation would make it easier to get loans from banks. B. Inflation would make farm equipment more affordable. C. They wanted prices to go down. D. They hoped the rise in prices would increase their income.

Answer 1

Farmers in the late 1800s wanted inflation because D. they hoped the rise in prices would increase their income. Inflation refers to the rise in the price of the goods, which consequently makes these farmers who produce the goods get more money because the goods now cost more. So it is only natural they would want inflation so as to get more money for their products that they sell to the markets and grocery stores and such.