Which of the following most accurately describes the relationship between the government and the economy in the Gilded Age?
A) State and local governments diminished in scope and purpose, as the federal government extended its control of business and banking regulation.
B) The rise of the Republican Party in national politics signaled new growth in the national government and a new commitment to break up monopolies.
C) Politicians of both major parties favored business and banks and supported a reduction in the money supply and a return to the gold standard.
D) Western state governments lobbied to block new tariffs that would raise the price of manufactured goods and bankrupt farmers.
Correct Answer:
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