1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MArishka [77]
3 years ago
7

Why did both major parties consider the gold standard important

History
1 answer:
Nitella [24]3 years ago
3 0

Gold standard is when a country associates the currency of the nation to the reserve of the gold. For example, a country can give a currency and get gold respectively for that value of the currency.

One of the advantages of gold is that it drops inflation because too much money pursuits too few goods and the purchasing power of the people increase and there will be no shortage in the nation’s fiscal budget.

One of the major disadvantages is its feasibility and liquidity unlike US Dollars. During Great Depression US was unable to redeem all its gold reserve to dollars due to the people’ purchasing power went drastically low.

You might be interested in
Which conclusion is supported by the timeline?
SpyIntel [72]

Answer: Can you please add choices

Explanation:

3 0
2 years ago
The U.S. government ________ to students who study certain fields in college and graduate school to increase the supply of educa
marin [14]
I believe the blank is "offers financial assistance".
7 0
3 years ago
What does a historian think about when analyzing a primary source?
Doss [256]

Answer:

each historian including you will approach a source with a different set of experiences and skills and will therefore interpret the document differently in order to analyze a primary source you need information about two things the document itself and the area from which it comes

8 0
3 years ago
Read 2 more answers
PLZ HELP EASY............
balandron [24]
Invention of barbed wire
3 0
3 years ago
Read 2 more answers
If you mix together flour, butter, chocolate chips, and a little baking soda, and shape it into flat circles, what kind of chang
Nat2105 [25]
Chemical, a new substance was formed
7 0
3 years ago
Read 2 more answers
Other questions:
  • After his reelection, jackson moved to destroy the bank of the united states by:
    10·1 answer
  • SOMEONE PLZ HELP WITH ESSAY 70 points
    15·1 answer
  • What caused britain to begin considering india’s desire for independence quizlet?
    7·2 answers
  • What was Sir George Yeardley sent to do in Jamestown?
    9·1 answer
  • What color was curt cobains eyes
    14·1 answer
  • All governments (cities, counties, states, and nations) have to raise money through taxes, called "revenue." This money helps pa
    9·2 answers
  • The 1960 presidential debate between John F. Kennedy and Richard Nixon: a. was little noticed at the time. b. allowed Nixon to d
    10·2 answers
  • 2. Find the distance between the given coordinates: (6,-9) (9,-9)
    9·2 answers
  • periodization is a useful concept to apply when: A .organizing Roman history into 3 main eras. B. distinguishing between primary
    7·2 answers
  • Was it reasonable for the government to limit Americans’ right to buy food? Write a short essay in which you develop your positi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!