During the late 1800's, the Populist Party supported all of the following EXCEPT?
a.) high tariffs
b.) tight controls on inflation
c.) lower interest rates on loans
d.) government control of railroads
I think it's either A or B???
To determine which answer is correct, let's break down the question and examine the options one by one.
The question asks which option the Populist Party did not support during the late 1800s. The Populist Party was a political party in the United States that emerged primarily as a response to the challenges faced by farmers and the working class during that time.
Let's examine the options:
a.) high tariffs: Tariffs are taxes imposed on imported goods, aimed at protecting domestic industries. The Populist Party generally opposed high tariffs because they believed it would make goods more expensive for consumers and disproportionately burden farmers.
b.) tight controls on inflation: Inflation refers to a general increase in prices, eroding the purchasing power of money. The Populist Party was concerned about the effects of deflation (falling prices), which caused their crop prices to decrease. They advocated for monetary policies that would increase the money supply and prevent deflation, so it is unlikely that they would support tight controls on inflation.
c.) lower interest rates on loans: The Populist Party was in favor of lower interest rates on loans. They believed that high interest rates made it difficult for farmers and workers to access money or credit, and that lower rates would alleviate their financial struggles.
d.) government control of railroads: The Populist Party strongly supported the government control of railroads. They believed that the private ownership of railroads led to monopolistic practices and unfair pricing, which negatively affected farmers and consumers.
Based on this analysis, we can conclude that the answer to the question is a.) high tariffs. The Populist Party generally did not support high tariffs, as it could harm the interests of farmers and consumers.