During the late nineteenth century,the supply of money did not keep pace with economic progress.

Name: During the late nineteenth century,the supply of money did not keep pace with economic progress.
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This is true, leading to deflation and economic instability. The gold standard restricted the supply of money as it is tied to the amount of gold a country possesses. Many countries later abandoned this system in the twentieth century.

During the Late Nineteenth Century,the Supply of Money Did Not