In the late 1800s, why did industrialists support the gold standard?

Many industrialists supported the gold standard in the late 1800s because: The gold standard kept the price of gold fixed, which kept both prices and wages down.

By doing this, industrialists manage to maintain their profit ratio since they spend little expense for worker's salary. But many of them at that time did not realize that the only way for gold standard to be successful is if the country imposed a very  tight conditions on money and credit.

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explanation:

- "the past is made of multitudinous items ranging from anything that can be collected, recollected or assessed to originate in the past. as such, the past is a gallimaufry of particulars that may not have been related in any way. however, the human mind seeks organization to understand concepts and other things. the human mind therefore seeks relationships in explaining and studying the past. history being a humanity, dictates that historians have to serve this human trait by bringing structure to details of the past. historians do this by creating interpretive frameworks that capture as many details as possible."

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