Question

1. What began the Panic of 1893?

a. High tariffs drove up costs and caused inflation.
b. Gold dropped below a certain level in the U.S. Treasury.
c. The gold standard was reinstated.
d. The U.S. government instituted unlimited silver coinage.

2. Which of the following re-established the silver dollar as a form of currency and committed the U.S. government to the purchase of a certain amount of silver each month for coinage?
a. Bland-Allison Act
b. McKinley Tariff Act
c. Morrill Land Grant Act
d. Sherman Silver Purchase Act

3. Which group was key to McKinley's victory in the presidential election of 1896?
a. Democrats
b. Populists
c. farmers
d. business owners

4. Which of the following was a major concern for the National Grange?
a. corporate income tax
b. manufacturing prices
c. railroad monopolies
d. urban poverty

5. What was one success achieved by Granges?
a. Railroads were placed under federal control.
b. State laws limited transport and storage charges.
c. They took ownership of grain elevators in some states.
d. Banks extended credit to failing farms.

Answer 1

The answers are as follows:

1. B

2. D

3. C

4. C

5. B

Step-by-step explanation:

Answer 2

The answers are as follows:
1. B
2. D
3. C
4. C
5. B