Why was Timbuktu important? NEED ASAP!!

1 answer:

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Answer: The importance of Timbuktu to African heritage is priceless due to its historic position in West Africa as a major economic city during the 15th and 16th centuries. It is also considered an important city for the spread of Islam in Africa, due to the efforts of the prestigious Koranic University of Sankore

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

baherus [9]

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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Explanation:

hope it helps and plz let me know if i got it right or wrong plz

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How did Italian city-states like Venice and Florence become major Banking and trading centers

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Read 2 more answers

50 points BTW if you have any social's list them down so that you can help me with history.

Serjik [45]

what did you mean 

are you gone crazy 
oops sorry:)

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2 years ago