What was the gold standard?

Social Studies

2 answers:

tangare [24]3 years ago

7 0

Answer:

The gold standard is a monetary system based on gold.

Explanation:

The gold standard is a monetary system based on gold. Countries who adopt the system link their value of currency or paper money into a fixed amount of gold.

The gold standard is often used during times of economic downturn, for example, the U.S. started using it in 1933 during the Great Depression, at a time when people did not trust any financial institution and the atmosphere was filled with high speculations about the value of the American currency and other nations' in the near future. Consequently, the government decided to use the gold standard as gold was the strongest asset. Nowadays, no nation uses this type of system.

Vlad [161]3 years ago

3 0

The gold standard is a monetary system where a country's currency or paper money has a value directed linked to gold.

You might be interested in

If this was the weather pattern over the last few days for Salem, how would you compare the weather to what a friend in Dallas,

stich3 [128]

Answer:

true

Explanation:

because its right th3ere

4 0

2 years ago

Economists generally see humans as ________, but sociologists tend to include ________.

Juli2301 [7.4K]

<span>the answer to this question is: rational actors; emotional motivations
Economist tend to focus their work on how human logically use the resources that available to them to fulfill all the demand within a social group.
Meanwhile, sociologists focus their work on how human emotionally form an interaction with other humans within a social group</span>

4 0

3 years ago

What was the more popular name for the strategic defense initiative?

Molodets [167]

Answer:

Star Wars

Explanation:

In March of 1983, in the USA, President Ronald Reagan announced with an eloquent speech his Strategic Defense Initiative, which was immediately stigmatized by the American press with the nickname "Star Wars.". Reagan asked the American scientific community to develop a missile defense that would guarantee the defense of the US territory against any nuclear attack.

8 0

3 years ago

What is the name given to the group of 9 high school students who were among the first

Vlada [557]

Answer:

I believe the answer you are looking for is 'The Little Rock Nine'

Explanation:

this was the name given to the nine brave students who stood up for racial inequality commonly found in the school system at this period of time.

4 0

4 years ago

Consciousness involves which part of the brain? A.Hindbrain B.Forebrain C.All of the brain D.Midbrain

WINSTONCH [101]

C. All of the brain. Apex

4 0

3 years ago