Question

In the late 1800s why did industrialists support the gold standard

Answer 1

B; The gold standard kept the price of gold fixed, which kept both prices and wages down.

Step-by-step explanation:

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Answer 2

The gold standard kept the prices stable and fixed. It meant keeping prices and wages down. This, for the industrialists, meant it kept up their profits and their workers' wages down. It was a perfect business ratio for them.