The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-The gold standard ended with the:
A)rise of Napoleon to power.
B)American Declaration of Independence.
C)outbreak of World War I.
D)first Arab oil embargo.
E)presidency of Richard Nixon.

Question

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4
 
-The gold standard ended with the:
A)rise of Napoleon to power. 
B)American Declaration of Independence. 
C)outbreak of World War I. 
D)first Arab oil embargo. 
E)presidency of Richard Nixon.

Quizplus · Accepted Answer

The gold standard officially ended with the outbreak of World War I. Many countries suspended it during the war and permanently abandoned it in the post-war era due to economic and political instability.

The Figure Below Shows the Demand (D) and Supply (S)