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

Question

MAXImum [283]

2 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] · Answer 1 · 2022-09-06T18:34:05+03:00

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.