RobbynCollingswor163
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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 banks could loan to farmers C. It restricted the size of the money supply, which kept crop prices from increasing. D.It slowed economic growth, which reduced manufacturers' demands for cotton



Answer :

Joel0920

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It restricted the size of the money supply, which kept crop prices from rising. They would, make no profit and supply and demand would be pointless because they would never be able to make more money. All crops would stay the same and with the growing economy the farmers would become broke.

StormEnd

Answer:

C. It restricted the size of the money supply, which kept crop prices from increasing.

Explanation:

In the late 19th century, monopolies contributed to the economic challenges that farmers faced in the United States because the latter were dependent on industries where high prices were set by companies that had no competition. In that matter, low crop prices contributed to the formation of the Farmers' Alliance, which was founded in Texas in 1877. In fact, populist movements advocated federal intervention to counter the economic challenges that many farmers encountered.  

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