Which Was Not a Reason Why American Confidence in the Gold

question 100

Multiple Choice

Which was not a reason why American confidence in the gold standard weakened in the 1890s?

• A) British investors had sold millions of dollars' worth of stock in American railroads and converted their dollars to gold, draining U.S. gold reserves.
• B) Vast quantities of gold were flowing into the country from newly-opened mines in the Klondike.
• C) Congress's lavish veterans' benefits had reduced government resources
• D) Tariff revenues were dropping because of the high McKinley Tariff
• E) The government had to pay for its monthly silver purchases with treasury certificates redeemable for either silver or gold, further drained gold reserves

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