The gold standard likely facilitated the Great Depression because Group of answer choices the Fed kept interest rates high to maintain the gold standard. this simply isn't true. Britain abandoned it in favor of a flexible exchange rate system. foreign nations released their gold to US reserves.
The gold standard likely facilitated the Great Depression because Group of answer choices the Fed kept interest rates high to maintain the gold standard. this simply isn't true. Britain abandoned it in favor of a flexible exchange rate system. foreign nations released their gold to US reserves.
Chapter19: The International Monetary System: Order Or Disorder
Section: Chapter Questions
Problem 1DQ
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Question
The gold standard likely facilitated the Great Depression because
Group of answer choices
the Fed kept interest rates high to maintain the gold standard.
this simply isn't true.
Britain abandoned it in favor of a flexible exchange rate system.
foreign nations released their gold to US reserves.
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Step 1
The collapse of gold standard has a significant contribution in the occurrence of the Great Depression.
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