The gold standard was helpful in stabilizing economies during the Great Depression.

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The gold standard was actually a contributing factor to the severity of the Great Depression. By tying a country's currency to the value of gold, it limited the ability of governments to increase the money supply and stimulate economic growth. This made it difficult for countries to address the deflationary spiral that was leading to high unemployment and low economic activity. Eventually, many countries abandoned the gold standard in order to pursue more flexible monetary policies.

The Gold Standard Was Helpful in Stabilizing Economies During the Great