Why Was the Coinage Act of 1873 Also Known as the "Crime

question 59

Multiple Choice

Why was the Coinage Act of 1873 also known as the "Crime of '73"?

• A) The elimination of silver coinage from circulation made it more difficult for farmers to pay off their debts.
• B) The elimination of gold coinage from circulation made it more difficult for farmers to pay off their debts.
• C) The printing of paper money backed by silver led to runaway inflation that ruined many large business corporations.
• D) Silver coinage had to be implemented because corrupt government officials stole much of the gold reserves set aside for coinage.

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