Unit 2 Chapter 2 Quiz

What is bimetallism?

• a system where money is backed by gold and diamonds

• a system where money is backed by gold and silver

• a system where money is back by only gold

• a system where money is backed by silver and platinum

What is the Gold Standard?

• A system where currency is backed by silver.
• A method of trading without any currency involved.
• A monetary system where currency value is directly linked to gold.
• A financial system that relies solely on paper money.

What movement is associated with the interests of farmers and the common people?

• Industrialism

• Populism

• Capitalism

• Socialism

What is the economic term for a general increase in prices and fall in the purchasing value of money?

• Deflation

• Inflation

• Stagnation

• Recession

What was the platform of the People’s Party?

• Support for big businesses

• Bimetallism

• The Gold Standard

• Government ownership of railroads

Why were Louisiana Populists in opposition to the Bourbon Democrats?

• They wanted higher taxes

• They supported the gold standard

• They opposed the economic policies favoring elites

• They wanted to abolish the state government

Why was the People’s Party less successful in the South?

• Lack of funding

• Desire to reform did not outweigh racial prejudice

• Poor leadership

• Insufficient voter turnout

How did the Louisiana Populist help the party in Louisiana?

• By forming alliances with Republicans

• By increasing voter registration

• supported Populist ideals and white supremacy

• By organizing protests

What happened to the Populist Party by 1896?

• It became the dominant party

• It merged with the Democratic Party

• It dissolved due to internal conflicts

• It won the presidential election

Who was chosen as their candidate for that election? Did he win?

• William Jennings Bryan, and he won

• James B. Weaver, and he lost

• Williams Jennings Bryan, and he lost

• Grover Cleveland, and he won