The gold standard worked reasonably well until when?
A) the 1870s
B) the 1890s
C) World War I
D) World War II
E) 1973

Question

Quizplus · Accepted Answer

The gold standard worked reasonably well until World War I because during the war countries had to print more money to pay for the war effort, which led to inflation and a decrease in the value of currencies. This made it difficult to maintain the fixed exchange rates that were required for the gold standard to function properly. After the war, many countries faced economic turmoil and began abandoning the gold standard.

The Gold Standard Worked Reasonably Well Until When