3
AssignmentMultiple Choice

Indigenous People on a Closing Frontier

Question 3 • Crowley Credit Recovery US History Studies Since 1877 A

How did the Populist Party propose to deal with deflation?

Answer
A
break up trusts and monopolies
B
mint more silver currency
C
institute a graduated income tax

Explanation

The Populists wanted to increase the amount of money in circulation to counter deflation, which is a general fall in prices often linked to a shortage of currency. They proposed the free coinage of silver, meaning more silver currency would be minted. The correct choice is mint more silver currency; breaking up trusts and a graduated income tax addressed other economic concerns.

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