What factors undermined the gold standard immediately following World War I?
A) Significant number of countries had to print more currency in order to finance the war effort.
B) President Wilson took the United States off the gold standard because of unsustainable deficits.
C) The war severely weakened Britain's financial position.
D) Both options A and C are true.

Question

What factors undermined the gold standard immediately following World War I?
A) Significant number of countries had to print more currency in order to finance the war effort.
B) President Wilson took the United States off the gold standard because of unsustainable deficits.
C) The war severely weakened Britain's financial position.
D) Both options A and C are true.

Quizplus · Accepted Answer

During World War I, many countries had to print more currency in order to finance the war effort, leading to inflation and a decrease in the value of their currency. Additionally, the war severely weakened Britain's financial position, which had previously been a key player in maintaining the gold standard.

What Factors Undermined the Gold Standard Immediately Following World War