The Almost Universal Acceptance of the Gold Standard After 1870

question 35

Multiple Choice

The almost universal acceptance of the gold standard after 1870:

• A) encouraged multilateral trade relationships.
• B) contributed to a slow rise in prices until the 1890s.
• C) favored those who habitually worked with borrowed money, such as farmers, many business people, and debtor nations.
• D) was the cause of runaway inflation.

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Definitions:

Endoplasmic Reticulum

An organelle within the cytoplasm of a cell.

Cytoplasm

The gel-like substance inside the cell membrane, excluding the nucleus, containing organelles and responsible for important cellular processes.

Cell Membrane

A biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.

Nucleus

The central and most important part of an atom, containing protons and neutrons, or the control center of a cell containing the cell's DNA.