QUESTION IMAGE
Question
why did farmers want the united states government to purchase and carry out the \free and unlimited coinage of silver?\ a) putting more money into the economy would cause deflation, lowering prices b) putting more money into the economy would cause inflation, raising prices
Farmers wanted the government to purchase and carry out the "free and unlimited coinage of silver" because increasing the money supply (by minting more silver coins) would lead to inflation. Inflation would raise the prices of agricultural products they sold, allowing them to earn more income and more easily pay off debts (which were often in fixed - dollar amounts). Option A is incorrect as putting more money into the economy causes inflation (not deflation).
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B. Putting more money into the economy would cause inflation, raising prices