One effect of the international gold standard was that it tended to transmit economic problems across national borders.

Question

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The international gold standard was a system where currencies were pegged to gold at a fixed rate, which meant that fluctuations in the value of gold could impact the economies of countries on the gold standard. This could lead to economic problems being transmitted across borders as countries were forced to adjust their monetary policies in response to changes in the international gold market.

One Effect of the International Gold Standard Was That It