Which of the Following Was a Consequence of the Discovery

question 85

Multiple Choice

Which of the following was a consequence of the discovery of new silver mines in the West in the late nineteenth century?

• A) The price of silver increased to a level equal to the price of gold.
• B) The United States Treasury increased its production of silver coins, causing severe inflation.
• C) The price of silver on the open market dropped, making it more profitable for silver producers to sell silver to the government at the old sixteen-to-one ratio.
• D) Silver producers refused to sell silver to the government, which in turn stopped minting silver coins.

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Definitions:

Chesapeake Gentry

Refers to the affluent, land-owning class in the Chesapeake Bay region during the colonial and early United States periods, characterized by their plantation economy and reliance on indentured servants and slaves.

Scottish Settler

An individual from Scotland who relocates to another country, often in the context of historical migrations.

General Burgoyne's

Refers to British General John Burgoyne, who is best known for his role in the American Revolutionary War, particularly the 1777 Saratoga campaign which ended in a decisive defeat for his forces.

Battle Of Saratoga

A pivotal series of engagements in 1777 during the American Revolutionary War that resulted in a significant American victory over British forces, influencing international support for the American cause.