alexislikespie4274 alexislikespie4274
  • 01-02-2020
  • Social Studies
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Why was government policy regarding the money supply such a vital issue for farmers in the late 19th century?

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gerald4764
gerald4764 gerald4764
  • 01-02-2020

Answer: Government regulation was the farmers' solution to the problem of monopoly. Third, there was a perceived shortage of credit and money. Farmers believed that interest rates were too high because of monopolistic lenders, and the money supply was inadequate, producing deflation.

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