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d1i1m1o1n [39]
3 years ago
10

Why did abandoning the gold standard result in a decline in the value of the u.s. dollar?

History
2 answers:
grigory [225]3 years ago
6 0

Answer:

The gold standard was abandoned due to its propensity for volatility, as well as the constraints it imposed on governments: by retaining a fixed exchange rate, governments were hamstrung in engaging in expansionary policies to, for example, reduce unemployment.

skad [1K]3 years ago
5 0

Answer:

More currency was able to be printed thus reducing its value.

Explanation:

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