A breakdown in the international gold standard occurred during
A) the 1880-1914 period
B) World War I
C) World War II
D) the depression of the 1930s

Question

Quizplus · Accepted Answer

The breakdown in the international gold standard occurred during World War I when countries suspended the convertibility of their currencies into gold in order to finance the war effort. This led to a decline in the value of paper currencies and a rise in inflation. The gold standard was not fully restored after the war, leading to further instability in the international monetary system.

A Breakdown in the International Gold Standard Occurred During