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MAXImum [283]
3 years ago
13

Before the great depression the United States use go to back up the currency issued why was the use of this gold standard most l

ikely a factor was led to the great depression
History
1 answer:
Salsk061 [2.6K]3 years ago
6 0

Answer:

The government was unable to issue more coins than gold.

Explanation:

The government was unable to issue more coins than gold. This created a strong imbalance that grew on a very rapid scale and hampered the maintenance of the local economy, which contributed to the complete economic lack of control that the country experienced during the great depression.

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since the 1800s theres been a lot of rebelius uprisings on the balkans expecialy in the begining of the 1900s(Ilinden Uprising) then the Ottoman Empire was at war (First Bakan War 1911-12) with Montenegro(started the war), Serbia, Macedonia, Bugaria and Greece in 1913(2nd Balkan war) Greece, Serbia, and Bugaria divided Macedonia Greece took Aegon Macedonia Serbia took Vardar Macedonia Bugaria(stared the war) took Pirin Macedonia(smalest part) ---- Ottoman Empire, after 1700s had to maintain status quo for falling technologicaly and economicaly apart from European counterparts. Diplomaticaly it could have lost its existence long time ago if England and France did not prevent Russia from further advancing. However at the last times of the empire English left supporting and Italy invaded Tripoli, at that time with Russian support Balkan Wars began which was probably the greatest defeat of Ottoman Empire, by the countries it ruled for 4 centuries directly or as vassals. As nobody wanted to ally with Ottoman Empire, Germany was only country that was interested in allying. Great German aid was made, in both army and industry. Construction of Istanbul-Baghdad railroad was also maintained by German industry. Under this pro-German aids Ottoman Empire sought to gain its old power, at least on Balkans, which was so close to its capital and were highly populated by Turkish population. Note: By the Ottoman official records 2,5 million immigrants came from newly founded countries which is a real high number as Turkish population of Ottoman Empire was about 10 millions before WW1.

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swat32

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