Why Is the Year 1892 Significant in United States History

question 71

Multiple Choice

Why is the year 1892 significant in United States history?

• A) The Populists failed to run a candidate for the presidency for the first time in 12 years.
• B) The Populists eliminated the black vote in that year.
• C) In the 1892 election, when Democrats carried every southern state and sought to destroy the Populist challenge, there was an explosion of violence: 235 people were lynched in the U.S.
• D) Southerners embraced all of the Populists' ideas.

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Definitions:

Aggregate Demand

The total demand for all goods and services within a particular market or economy at current price levels.

Wealth Effect

The phenomenon where consumers spend more as the value of their assets, such as real estate or stocks, increases.

Interest-Rate Effect

The impact that changing interest rates have on consumer spending and capital investment in the economy.

Exchange-Rate Effect

The impact of a change in the relative value of a currency on the economy, particularly on foreign exchange rates and international trade.