In the late 1800s, why did industrialists support the gold standard?
T
The gold standard kept the price of gold flexible, which made the value of currency go up and down.T
The gold standard kept the price of gold fixed, which kept both prices and wages down.T
The gold standard kept the price of gold fixed, which caused wages to steadily increase.T
The gold standard kept the price of gold flexible, which also made the price of silver flexible.