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.
Answer: The absence of stated protections did not mean they didn’t exist.
Explanation:
Hello,
There are advantages and disadvantages of command economy structures. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
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The answer is B) Classical.
