asked 214k views
5 votes
Which statement explains why maintaining the gold standard had a negative impact on American farmers in the late 19th century?

It made purchasing government-owned land increasingly expensive.
It decreased the amount of money that banks could loan to farmers.
It restricted the size of the money supply, which kept crop prices from rising.
It slowed economic growth, which reduced manufacturers' demands for cotton.

asked
User Mayuko
by
8.9k points

2 Answers

5 votes

Answer:

It restricted the size of the money supply, which kept crop prices from rising, or C on flvs.

Step-by-step explanation:

answered
User Whyoz
by
8.5k points
6 votes
"It restricted the size of the money supply, which kept crop prices from rising" would be the best option, since this lack of growth not only affected farmers but also affected the entire economy in a negative way.
answered
User Pacane
by
8.6k points
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