What was one of the major reasons the gold standard fell apart?
A) Countries fighting in World War I printed excessive amounts of money to finance their war efforts.
B) Military campaigns during World War I stole much of the gold from foreign central banks.
C) Gold lost its value and was no longer reliable.
D) Gold became too rare and costly to maintain adequate reserves.

Question

Quizplus · Accepted Answer

One of the major reasons for the downfall of the gold standard was the excessive printing of money by countries during World War I to finance their war efforts. This led to inflation and a decrease in the value of currency, making it difficult for countries to maintain the gold standard. One of the major reasons the gold standard fell apart was because countries fighting in World War I printed excessive amounts of money to finance their war efforts. This led to inflation and a loss of confidence in the stability of the gold standard.

What Was One of the Major Reasons the Gold Standard