During the Gilded Age owners of large businesses and creditors (people who loaned money) favored a money policy (one that was backed only by gold) while farmers and debtors (people who owed money) fav?

During the Gilded Age, owners of large businesses and creditors supported a gold-backed monetary policy because it promoted stability and prevented inflation, which protected their investments and loans. In contrast, farmers and debtors advocated for a bimetallic standard, allowing both gold and silver as currency, to increase the money supply and make it easier to pay off debts. This divergence in interests highlighted the economic tensions of the era, as the former group prioritized financial conservatism, while the latter sought relief from economic hardship.