The gold standard broke down in the _______________ as countries engaged in competitive devaluations.
A) 1910s
B) 1920s
C) 1930s
D) 1950s
E) 1970s

Question

Quizplus · Accepted Answer

The breakdown of the gold standard occurred primarily in the 1930s, as countries began to competitively devalue their currencies in order to make their exports more competitive and to stimulate their domestic economies during the Great Depression. The 1930s saw a series of currency crises and devaluations that ultimately led to the collapse of the gold standard system.

The Gold Standard Broke Down in the _______________ as Countries