The steepest increase in the currency ratio since 1892 occurred during

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The steepest increase in the currency ratio occurred during the Great Depression, which was a time of economic turmoil and uncertainty. The value of currency became extremely inflated as people hoarded cash, leading to a sharp increase in the ratio of currency to other forms of money. This was a unique and unprecedented event in the history of modern finance, making it the best choice among the given options.

The Steepest Increase in the Currency Ratio Since 1892 Occurred