Which of the following is NOT a reason the United States taken off the gold standard in the early 1970s?
A) The Vietnam War and the "Great Society" antipoverty programs increased U.S. budget deficits.
B) As the "dollar overhang" grew, foreign investors and governments grew less willing to finance it.
C) The Vietnam War undermined U.S. moral authority.
D) Vast amounts of gold discovered in the Yukon Territory.

Question

Quizplus · Accepted Answer

The discovery of vast amounts of gold in the Yukon Territory was not a reason for the United States to come off the gold standard. The correct reasons are A, B, and C – the Vietnam War and antipoverty programs increased deficits, foreign investors grew less willing to finance the "dollar overhang," and the war undermined U.S. moral authority.

Which of the Following Is NOT a Reason the United