Politics in the Gilded Age

AP US History· difficulty 3/5

"Having behind us the producing masses of this nation and the world, supported by the commercial interests, the laboring interests, and the toilers everywhere, we will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold." — William Jennings Bryan, 1896

The economic context for Bryan's appeal included all of the following EXCEPT:

  • A

    Rapid wage growth among urban industrial workers

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  • B

    Persistent deflation that increased the real burden of farm debt

  • C

    The Depression of 1893 and bank failures

  • D

    Falling agricultural commodity prices

Explanation

Wage stagnation and deflation, not rapid wage gains, defined the 1890s context that made silver inflation politically attractive.

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