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 goal of the Marshall plan was to help bring a war-torn Europe back into the global economy. The United States and the Soviet Union were the world Super-powers at the end of WW2 (The Marshall Plan was signed into law after the Allied victory in WW2..), and Europe would have a hard time recovering on their own. Germany and the Axis-affiliated countries were punished far less severely than the Treaty of Versailles about three decades before: this time they would help rebuild the governments and societies one would expect from a modern culture.
The Intention of the Marshall plan was to help 'rebuild' Europe from the craters and ruins that WW2 had left in it's wake.
Answer:
- born in Louisiana in 1910
- found a cure for baby blue syndrome
- He served as supervisor of the surgical laboratories at Johns Hopkins for 35 years.
4 he was carpenter
5 Saved lot of baby lives
Explanation:
William Tillman
- was a American hero who was signaled the S. J. Waring in July 1861
- born in 1834
- he killed a captain
- was the reason US killed more confederates
