What did people fear would happen if the nation went off the good. StanderdWhat did people fear would happen if the nation went

Question

Mademuasel [1]

2 years ago

9

What did people fear would happen if the nation went off the good. StanderdWhat did people fear would happen if the nation went

off the good standard

Geography

1 answer:

strojnjashka [21] · Answer 1 · 2022-07-04T23:48:35+03:00

Answer:

It would diminish the estimation of the dollar and Americans wouldn't have the option to trade their dollars for gold any longer, such huge numbers of americans took out their cash and traded it for gold before this would occur.

Explanation:

Surrendering the highest quality level helped the economy develop. This trade of gold for paper cash enabled the United States to build the measure of gold stores at the United States Bullion Depository at Fort Knox.

It would diminish the estimation of the dollar and Americans wouldn't have the option to trade their dollars for gold any longer, such a large number of americans took out their cash and traded it for gold before this would occur.