asked 98.7k views
3 votes
Which statement explains why maintaining the gold standard had a negative impact on American farmers in the late 19th century

A: It made purchasing government-owned land increasingly expensive.
B: It decreased the amount of money that banks could loan to farmers.
C: It restricted the size of the money supply, which kept crop prices from rising.
D: It slowed economic growth, which reduced manufactuer's demand for cotton

asked
User Desolate
by
7.9k points

1 Answer

6 votes
D would be the best answer
answered
User Ashoka Lella
by
8.5k points
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