Question

Farmers wanted more money in circulation in the late 1800s

to limit industry.
to inflate the value of a dollar.
to deflate the value of a dollar.
to make money used to repay loans worth more.

Answer 1

To Make more money used to repay loans worth more.

Answer 2

Option D.

Step-by-step explanation:

To make money used to repay loans worth more, is the correct answer.

Farmers thought, due to monopolistic lenders, the rates of interests were too high and the supply of money was incompetent, which gave birth to deflation. A declining price level raised the real load of debt since farmers had to pay their debts with dollars worth more than they borrowed.