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podryga [215]
2 years ago
6

Question 13 of 20

History
1 answer:
quester [9]2 years ago
8 0

Answer: A. gold standard

Explanation:

When using the gold standard, the value of the currency of a country is based on the value of gold. This means that the currency will be able to buy a fixed amount of gold thereby enabling it to be exchangeable in banks both abroad and at home.

Banks would therefore be required to exchange the currency (U.S. Dollars) for that fixed amount of gold that the country has set its currency at. This currency standard has largely been abandoned.

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Studying the Mayflower Compact can improve our society today as it allows us understand how colonists make their own laws instead of following England's.

<h3>What was the compact about?</h3>

It was the first document to establish self-government in the New World, the Mayflower Compact was significant. It continued in operation until Plymouth Colony joined Massachusetts Bay Colony in 1691.

The Mayflower Compact influenced other significant documents in American history, including state constitutions, the Declaration of Independence, and the U.S. Constitution, in addition to giving the Plymouth Colony its system of government and laws. Constitution.

The agreement outlined the rules for a self-governing council that was not entirely independent from the King of England. The concept of law created by and for the people was maintained by the Mayflower Compact. This notion, which is fundamental to democracy, significantly influenced the development of a new democratic state.

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