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
3) Why did Neville Chamberlain pursue the policy of appeasement ?
Ket [755]

Answer:

Abstract Appeasement was the main feature of British foreign policy towards Hitler’s Germany between 1933 and 1939. Neville Chamberlain, British Prime Minister from 1937 to 1940, was its main driving force. He believed that meeting some of Hitler’s territorial demands in Europe could prevent or at least delay another general European war.

HOPE IT HELPS

HAVE A NICE DAY

Explanation:

7 0
3 years ago
who proposed the idea of spanning the east river between manhattan and brooklyn with a suspension bridge
Kazeer [188]
Im sure it was john Roebling
4 0
3 years ago
Read 2 more answers
In 1790 there were six slave states; in 1860 there were 15. ·from 1790 until congress banned the importation of slaves from afri
ella [17]
Thank you for posting your question here at brainly. Among the choices provided the event played the greatest role in creating these conditions in the south during the antebellum era is the invention of the cotton gin by eli whitney in 1793. I hope it helps.  
3 0
3 years ago
Read 2 more answers
What is the significance of the 54th Massachusetts regiment
bagirrra123 [75]

Answer:

The 54th Massachusetts Regiment of the Union Army during the Civil War is most well known for the fact that it was the first African American infantry fighting regiment. The story of the 54th Massachusetts gained further national attention through the movie Glory in 1989.

Explanation:

3 0
3 years ago
1765 rules that made colonists pay taxes on all paper materials
Temka [501]

Answer: The stamp act

Explanation: Because Britain needed help paying off debts from the French and Indian war

7 0
3 years ago
Other questions:
  • Which delegate favored republicanism rather than a constitution modeled after the british system?
    13·1 answer
  • compare and contrast the different plans for Reconstruction and make a claim as to which plan was better to meet the Reconstruct
    12·1 answer
  • What was a major issue during Andrew Jackson’s Presidency?
    14·1 answer
  • According to the passage, what did Allah teach humans to do?
    9·2 answers
  • What was the name of the school that John Dewey founded?
    12·1 answer
  • Help plz will give brainlest
    11·1 answer
  • In your own words, please explain the difference between Republicanism and Federalism.
    7·1 answer
  • If a state makes a law that is contrary to the Constitution, who declares that it is unconstitutional? A. President B. Congress
    6·2 answers
  • How did reagan believe his domestic and foreign policies would cause the us to prosper?
    7·1 answer
  • What are South Carolina's leading growth areas?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!