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svp [43]
4 years ago
12

Why did the U.S. depart from the Gold Standard?

Social Studies
1 answer:
Airida [17]4 years ago
5 0

Answer:

The U.S. dropped the gold standard in 1933. The F.D. Roosevelt administration took the decision in order to pursue a policy of economic stimuli; keeping the golden standard is a conservative measure seen as a tool to rein in inflation and overspending. Facing the effects of the Great Depression, it needed more flexibility. Leaving the golden standard allowed the government to pump money into the US economy and lower interest rates, thus helping to reactivate the economy and business.

Explanation:

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