Currency Debate and Political Polarization in the Gilded Age

Medium Period 6: 1865–1898 Politics Of The Gilded Age

During the Gilded Age, one of the prominent political controversies centered around the issue of currency. This period followed the Civil War and saw significant economic fluctuations, leading to varying opinions on whether the U.S. should adhere to the gold standard or adopt a bimetallism approach. The debate influenced major political parties, including the Democrats and Republicans, as well as third parties like the Populist Party. Which of the following statements best reflects the political impact of the currency debate during this period?

The debate over currency helped unify the Republican Party, solidifying its support for the gold standard.

The currency controversy primarily led to the decline of third parties, as voters favored the two major parties.

The struggle between supporters of the gold standard and advocates of bimetallism polarized political parties and contributed to significant electoral shifts.

The currency debate had little to no impact on national politics, as economic issues were overshadowed by other social concerns.

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