In the interwar period (between World Wars I and II), the world had

Name: In the interwar period (between World Wars I and II), the world had
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During the interwar period, the gold exchange standard was in place, which meant that currencies were pegged to gold but could also be exchanged for other currencies at a fixed rate. This system led to a lack of flexibility in responding to economic shocks and was ultimately abandoned in the post-World War II era.

In the Interwar Period (Between World Wars I and II)