Gold standard is when a country associates the currency of the nation to the reserve of the gold. For example, a country can give a currency and get gold respectively for that value of the currency.
One of the advantages of gold is that it drops inflation because too much money pursuits too few goods and the purchasing power of the people increase and there will be no shortage in the nation’s fiscal budget.
One of the major disadvantages is its feasibility and liquidity unlike US Dollars. During Great Depression US was unable to redeem all its gold reserve to dollars due to the people’ purchasing power went drastically low.
The answer is B) the Establishment Clause of the first Amendment
Answer:
Egypt divided into three kingdoms, which consist of the Old, the Middle and the New Kingdoms.
Explanation:
The Old kingdom had city-states, the Middle had a royal dynasty, and the New kingdom had cities.
Old Egypt began after Menes united Upper Egypt and Lower Egypt into one to prevent further conflicts and wars. During the Old Kingdom, pyramid and the Great Sphinx build.
The Middle Kingdom flourished through trade and built massive buildings.
It was during the New Kingdom when the Empire conquered most of its territorial lands. Pharaohs launched expeditions and campaigns to seize lands in Kush, Nubia, Israel, Lebanon, and Syria. Egypt during the New kingdom expanded trade and received goods from other regions.
