Question

The passage below is an excerpt from the Populist Party Platform of 1892:

We demand free and unlimited coinage of silver and gold at the present legal ratio of 16 to 1.
We demand that the amount of circulating medium be speedily increased to not less than $50 per capita.

Source: http://www.wwnorton.com/college/history/eamerica/media/ch22/resources/documents/populist.htm

Answer 1

How would the acceptance of these demands help the supporters of the Populist Party?
(A) Coining more money would lead to inflation, which would increase wages for factory workers.
(B) Speeding up the circulation of money would raise interest rates, which would make banks less profitable.
(C) Increasing the money supply would raise crop prices, making it easier for farmers to pay their debts and make profits.
(D) The use of both silver and gold as coins would enlarge the federal budget, making it possible to pay for more welfare programs for the poor.

Answer 2

The answer would be D since that is the only positive affect for the party, all the other option are false and would lead towards negative consequences

Answer 3

I hope my explanation helped you :)

Answer 4

Ok thanks! I'll let you know if it's correct

Answer 5

Answer D was actually incorrect :(