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Mademuasel [1]
3 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]3 years ago
8 0

<u>Answer:</u>

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

<u>Explanation:</u>

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

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

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