Question

why did farmers support the idea of bimetallism instead of the gold standard? 19 a it would eliminate the need for banks and railroads b it would guarantee higher crop prices by limiting money circulation c it would increase the money supply and make debts easier to pay d it would reduce tariffs on manufactured goods

Explanation:

Bimetallism allows for both gold and silver to be used as money, increasing the money - supply. Farmers had debts, and with a larger money - supply, they could more easily pay off their debts as the value of money would be relatively lower. Option A is incorrect as bimetallism has no direct relation to eliminating banks and railroads. Option B is wrong because bimetallism increases, not limits, money circulation. Option D is incorrect as bimetallism is not related to tariffs on manufactured goods.

Answer:

C. It would increase the money supply and make debts easier to pay