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Zorluk: OrtaGilded Age Politics and the Populist Movement

"The Republican party is unreservedly for sound money... We are unalterably opposed to every measure calculated to debase our currency or impair the credit of our country. We are therefore opposed to the free coinage of silver, except by international agreement with the leading commercial nations of the world... and until then the existing gold standard must be preserved."

— Republican Party Platform, 1896

Which of the following groups would have been most likely to oppose the policy position described in the excerpt?

  1. A
    Laissez-faire capitalists arguing that the federal government should not establish any official currency standards
  2. B
    Urban middle-class reformers organizing to dismantle municipal political machines
  3. Western and Southern farmers organized in the Populist PartyCevap
  4. D
    Progressive politicians proposing the direct election of United States senators to reduce corporate influence

Cevap

Western and Southern farmers organized in the Populist Party
The correct answer is correct because Western and Southern farmers, facing falling crop prices and high debt during the late nineteenth century, organized under the Populist Party to advocate for the free and unlimited coinage of silver. They believed that inflating the currency would raise commodity prices and ease their debt burdens, putting them in direct opposition to the Republican Party's defense of the gold standard.

Adım Adım Çözüm

1
Analyze the source text to identify the Republican Party's stance in 1896.
The platform outlines a strong defense of the gold standard and opposition to the free coinage of silver.
Understanding the core argument of the stimulus is necessary to identify who would oppose it.
2
Recall the major groups involved in Gilded Age monetary debates.
Creditors, industrial capitalists, and Republicans supported the gold standard, while agrarian debtors, silver miners, and Populists favored bimetallism (free silver).
Connecting the policy in the stimulus to historical groups allows for identifying the opposition.
3
Evaluate the options to find the group that fits the opposition profile.
Western and Southern farmers organized in the Populist Party advocated for free silver to induce inflation, directly opposing the sound money policy of the Republicans.
Selecting the correct group demonstrates mastery of Gilded Age political and economic alignments.

Anahtar Kavram

Monetary Policy and Agrarian Discontent in the Gilded Age
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Konular

Gilded Age Politics and the Populist Movement

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