Which of the following best characterized the Democrats' position on the Republicans' monetary policy during the American Gilded Age?

Answers

The Democrats were generally opposed to the Republicans' monetary policy during the American Gilded Age. They argued that the Republican-backed gold standard was overly concentrated in the hands of the wealthy while leaving workers and farmers with devalued currency, which resulted in higher prices and lower wages. The Democrats also accused Republicans of intentionally keeping currency scarce in order to drive up the cost of goods, which resulted in a concentration of wealth among a select few. In contrast, the Democrats proposed a policy that would infuse more money into circulation, thus helping to raise wages and reduce prices.

Answered by kelleyadam

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