Question

In the 1870s falling crop prices and high interest rates led farmers to focus on the elimination of silver as legal tender as the prime reason why money had become so scare. This decision to make gold the sole legal tender was known as "_______." a. the crisis of 1873 c. the panic of 1873 b. the crime of 1873 d. the crime of the century

Answer 1

This decision to make gold the sole legal tender was known as the crime of 1873

B. The crime of 1873

Explanation:

The crime of 1873 was the notable omissions of standard silver dollar from coinage law passed on February 12, 1873. It  paved the way for America's adoption of the gold standard which was very controversial especially for those who were no longer able to turn the silver into legal tender.

The decision of making the gold as a solo legal tender was concerned with crime of 1873. Panic of 1873 is concerned with financial crises and other two do not have official relevance in USA history.