In the early 1930s

Question

In the early 1930s

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During the early 1930s, countries that tried to defend the gold standard suffered more depression than countries that abandoned it. This can be seen in the case of countries like Britain, which was one of the last countries to abandon the gold standard and experienced a prolonged depression as a result. Countries that chose to abandon the gold standard, such as the United States, were able to pursue expansionary monetary policies and stimulate their economies.

In the Early 1930s