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Republicans supported the gold standard primarily because it was seen as a way to ensure monetary stability and foster economic growth. They believed that tying currency to gold would prevent inflation, maintain the value of money, and promote confidence in the financial system. Additionally, the gold standard was associated with fiscal conservatism and was favored by business interests who sought a stable economic environment for investment and trade. This stance was particularly prominent during the late 19th and early 20th centuries, aligning with the party's broader goals of promoting capitalism and industrialization.

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Who opposed gold standard?

the democrats opposed the gold standard. the republicans supported it.


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