1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksklad [387]
3 years ago
5

What was the gold standard? Which groups of Americans supported it, and which groups opposed it?

History
1 answer:
Y_Kistochka [10]3 years ago
4 0
<span>The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold.</span><span><span>The farmers opposed the gold standard because in order to live on their farms, they needed to take out a mortgage on them because they couldn't pay the entire fee by themselves. Thus, farmers were in debt, and a gold AND silver standard would help them by increasing the amount of currency in circulation. Inflation would help debtors because more currency would be produced, therefore the value of each currency would decrease and the value of their debts would similarly decrease, making it easier to pay off. The amount of debt would stay the same, but they would be getting higher wages because of inflation. The wealthy and eastern industrial workers supported a gold standard because inflation would not help them. The wealthy had savings accounts and such, and inflation would lessen the value of their savings. Similarly, the industrial workers might also have a small savings account, but would not have a mortgage on a farm like the westerners (they would live in tenement buildings), so inflation would not have a positive effect on them either. </span> </span>
You might be interested in
The passage of the 19th amendment (Women's Suffrage) gave a greater emphasis to all of the following issues
Paul [167]
Should be peace but if not it’s education.
6 0
3 years ago
How did the rise of the mauryan empire changed india
Veronika [31]
The Maurya Empire's political unity and internal peace encouraged the expansion of trade in India. During Ashoka's reign, government oversaw the building of major roadways, and the Mauryan international network of trade expanded. India's exports to places like Bactria and Persia included silk, textiles, and spices.
5 0
3 years ago
Why was sejong an unusual choice for king
bazaltina [42]

There were many problems with the king he fought with his own brother to get the crown.

8 0
3 years ago
Explain what is meant by the statement “...any Indian who received news of the Spaniards could have also have easily received th
jolli1 [7]

The quote “... any Indian who received news of the Spaniards could have also easily received the infection” refers to the fact that when the Spanish explorers advanced into Central America, the diseases they were carrying often spread faster than them, including ahead of them.

The context is the so-called Columbian Exchange (after Christopher Columbus), which is the large exchange of animals, food, culture, people, techniques, and diseases that took place between Native Americans (or Indians) and Europeans after 1492.

The quote focuses on one particular aspect of this exchange: the spread of infections. While the Indians did contaminate the Europeans with some of their diseases, like syphilis, many infections destroyed Native American lives because they had not developed a resistance to them like Europeans did. These included measles and smallpox, which were introduced in America through the Caribbean in the early 16th century.

5 0
3 years ago
If you were going to travel from South Korea to Japan, in which direction would you travel?
ch4aika [34]
You would travel east
7 0
3 years ago
Read 2 more answers
Other questions:
  • Which type of rights were most influential in the creation of the Bill of Rights?
    14·1 answer
  • Which nations attended the yalta conference?
    15·1 answer
  • What happens to the suns energy when it it hits clouds,ice,snow?
    5·1 answer
  • After World War I, how did the US economy compare to that of Germany?
    9·2 answers
  • The ideas of the social gospel movement led directly to
    12·2 answers
  • What was the significance of the U.S gaining control over the islands of Iwo Jima and Okinawa?
    9·1 answer
  • If you were able to add or change the Constitution what would it be, and why?
    10·1 answer
  • Please help no foolish answers or I'll report uwu
    11·1 answer
  • Why were African enslaved and brought to the Americans
    14·1 answer
  • Which of the following characterizes World War I?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!