josheale8471 josheale8471
  • 02-04-2018
  • Social Studies
contestada

What happened to the gold standard in 1933?

Respuesta :

MsClementine
MsClementine MsClementine
  • 14-04-2018
The US currency went off the gold standard.

The Great Depression was causing people to hoard gold. So using gold to back the dollar was no longer feasible because gold was untenable. Franklin Roosevelt made the decision to take the US off of gold.
Answer Link

Otras preguntas

Questions 1. Calculate the molar mass of an element. 2. Calculate the molar mass of a compound. 3. How do you determine the number of protons, electrons and neu
A shop is giving 20% discount in a sale. A shirt in the shop normally costs $60. How much does it cost in the sale?
What builds proteins in a cell?
if 120 marks is 60% what is full marks
why did some chiefs decide to fight when english colonists moved into their territory?plz help me
Why is man a special creature? What two worlds does he share in?
Given: L is the midpoint of KM M is the midpoint of LN Prove: KL = MN
What does a journal written by frontier settlers most likely tell you about Manifest Destiny?
Write an algebraic expression that is equivalent to the expression. cos⁡(arcsin⁡ (x-h)/r )
How do you calculate the initial speed given time and displacement? The question is: The longest kick in CFL history was 83.2m. If the ball remained in the air