1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VikaD [51]
3 years ago
8

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
Why did the civil Rights movement take place mainly in the southern part of america
Oliga [24]
That is where the Jim crow laws of segregation were dominant.
5 0
3 years ago
Merry Christmas and happy new year just answer this if you want to
klasskru [66]
Thank You!!!! Likewise ♥️
5 0
3 years ago
What shift in the way people got food is known as the Agricultural Revolution?
uranmaximum [27]
Domesticating animals learned it freshman year
8 0
3 years ago
Read 2 more answers
Can someone pls help answer true or false
KIM [24]

Answer:

1. true

2. true

3. true

4. false

5. true

6. true

Explanation:

4 0
3 years ago
HELP PLEASE
ANTONII [103]

Answer:

The questions above were posed on a debating website and some of the results are shown below. You task is to write your own response

to the questions above. You should aim to write at least 110 words saying why you think the ToV was fair or unfair to Germany. You should

also say what Allied leaders did you most agree with and what provision (clause) did you think was the most fair or unfair. Use the

students answers to help you decide what information you should put in your own answer but make sure you give reasons for your

responses using your work from class and research you do at home.

Explanation:

im so sorry if it didint help

4 0
3 years ago
Other questions:
  • A scientist wants to develop a medication that safely reduces hunger to help obese people lose weight. based on this information
    7·2 answers
  • Title: Lost Love
    6·1 answer
  • You are inclined to provide dental floss. After all, this inmate has never given you trouble, and in fact, you think that he mig
    15·1 answer
  • A 15-year-old boy was killed when he was struck by a car while riding his bicycle. He has numerous disfiguring injuries and has
    10·1 answer
  • How might education resources differ depending upon your social identity, such as gender, race, social class?
    11·1 answer
  • Why is the Upper Tamakoshi Hydro Project called as a project of National Pride? in which sectors of national development are dir
    7·1 answer
  • . Write down the importance of axis and orbit.​
    10·2 answers
  • What other rights were given to British citizens ?
    5·2 answers
  • Which crops were originally traded with England during the colonial period?
    8·1 answer
  • What are the unwritten rules that underlie and are inherent in the fabric of our society?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!