Which position did Adlai Stevenson I take on the gold-standard issue?
For Gold-Standard
Against Gold-Standard
Neutral
Position Not Recorded
Answer
Against the gold standard, Adlai Stevenson I believed that tying the value of the currency to gold would limit the government's ability to control inflation and deflation, leading to economic instability and potentially harming farmers and debtors. He advocated for greater flexibility in monetary policy, arguing that the government should have the authority to adjust the currency's value based on economic conditions.
The Illustrious Vice President: Uncover the Legacy of Adlai Stevenson I
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