According to economist John Maynard Keynes and U.S. Treasury official Harry Dexter White, which of the following was one of the conditions that had helped to produce and prolong the Great Depression of the 1930s?

Question

Quizplus · Accepted Answer

According to Keynes and White, the lack of a standard for determining the value of national currencies, also known as the absence of a fixed exchange rate system, was one of the conditions that helped to produce and prolong the Great Depression of the 1930s. This led to competitive devaluations and trade barriers that worsened the global economic downturn.

According to Economist John Maynard Keynes and U