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snow_lady [41]
3 years ago
7

Why did the United States abandon the gold standard in the 1930s? The government wanted to rapidly expand the money supply in re

sponse to the Great Depression. The Treasury Department in the United States found it was cheaper to print paper money instead of gold coins. The government wanted to move away from a floating exchange rate system to a fixed exchange rate system. New sources of gold were discovered, so the price of gold plummeted, dramatically reducing the value of the dollar.
History
1 answer:
baherus [9]3 years ago
6 0

Answer:

In the 1930s, the United States abandoned the gold standard because the government wanted to rapidly expand the money supply in response to the Great Depression.

Explanation:

The Gold Standard monetary system was abandoned during the years after the Great Depression of 1929 to prevent prices and wages from falling in response to a general reduction in global demand, so that adjustments fell on the total amount of employment. Under these conditions, the depreciation of the exchange rate (that is, the abandonment of the pure gold standard) was considered "less painful" (in order to reduce exports). This prevented the reduction of wages, especially since the pressure of the unions imposed this kind of policy in some way. And all this in addition without taking into account that all countries, sooner or later, would adopt the same policy, resort to devaluation, with which the destruction of employment for years was inevitable.

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Was there a particular moment between 1763 and 1783 when colonists became “americans” instead of “Englishmen” or was it a proces
kvv77 [185]

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Romashka-Z-Leto [24]

Answer:

Explanation:

Ninety minutes after it began, the attack was over. 2,008 sailors were killed and 710 others wounded; 218 soldiers and airmen (who were part of the Army prior to the independent United States Air Force in 1947) were killed and 364 wounded; 109 Marines were killed and 69 wounded; and 68 civilians were killed and 35 wounded. In total, 2,403 Americans were killed, and 1,143 were wounded.[100] Eighteen ships were sunk or run aground, including five battleships.[9][101] All of the Americans killed or wounded during the attack were legally non-combatants, given that there was no state of war when the attack occurred.[20][21][102]

Of the American fatalities, nearly half were due to the explosion of Arizona's forward magazine after it was hit by a modified 16-inch (410 mm) shell.[nb 18] Author Craig Nelson wrote that the vast majority of the U.S. sailors killed at Pearl Harbor were junior enlisted personnel. "The officers of the Navy all lived in houses and the junior people were the ones on the boats, so pretty much all of the people who died in the direct line of the attack were very junior people", Nelson said. "So everyone is about 17 or 18 whose story is told there."[103]

Among the notable civilian casualties were nine Honolulu Fire Department (HFD) firefighters who responded to Hickam Field during the bombing in Honolulu, becoming the only fire department members on American soil to be attacked by a foreign power in history. Fireman Harry Tuck Lee Pang of Engine 6 was killed near the hangars by machine-gun fire from a Japanese plane. Captains Thomas Macy and John Carreira of Engine 4 and Engine 1 respectively died while battling flames inside the hangar after a Japanese bomb crashed through the roof. An additional six firefighters were wounded from Japanese shrapnel. The wounded later received Purple Hearts (originally reserved for service members wounded by enemy action while partaking in armed conflicts) for their peacetime actions that day on June 13, 1944; the three firefighters killed did not receive theirs until on December 7, 1984, at the 43rd anniversary of the attack. This made the nine men the only non-military firefighters to receive such an award in U.S. history.[104]

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2 years ago
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