The gold standard prevented a nation from controlling its domestic economy through monetary policy.

Question

Quizplus · Accepted Answer

The gold standard tied a nation's currency to the value of gold, meaning that the amount of money in circulation was limited by the amount of gold that the government held. This restricted a nation's ability to manipulate its currency for domestic economic purposes, as the value of the currency was tied to the amount of gold that the government held.

The Gold Standard Prevented a Nation from Controlling Its Domestic