All national governments agreed to abide by the "rules of the game" under the gold standard. The defense of a fixed exchange rate was required.
A monetary system known as the "gold standard" links a currency's value directly to gold. As a result, the money is guaranteed by the government and can be exchanged for a specific amount of gold. A fixed exchange rate helps to ensure the smooth flow of money from one country to another.
Gold standard means, The amount of gold that a nation's central bank or treasury kept constituted the upper limit on its money supply. Any change in its gold holdings had to be accompanied by an equal adjustment in the number of outstanding local currency units.
According to the "rules of the game," nations that lost gold were required to raise interest rates and reduce their money supply, while nations that gained gold were required to lower interest rates.
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They were the basic foundation for our great nation to be built upon.
Answer:
The Supreme Court ruled Bible reading or any type of prayer unconstitutional.
Explanation:
This is due to separation of Church and State. Considering public schools are state funded, the allowance of religion was found unconstitutional.
The appropriate response is Functionalist. It is one of the major hypothetical points of view in human science. It has its roots underway of Emile Durkheim, who was particularly inspired by how social request is conceivable or how society remains generally steady.
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