During the gold standard,national money supplies were constrained by:

Question

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National money supplies were constrained by the growth of the stock of gold during the gold standard. Under the gold standard, the value of a currency was tied to a fixed amount of gold, which meant that a country's money supply was dependent on its stock of gold reserves. As the stock of gold increased or decreased, so did the money supply. This constrained the ability of governments to inflate their currencies, since any attempt to do so would lead to a loss of gold reserves and a contraction of the money supply. Therefore, the growth of the stock of gold was a crucial factor in determining the size of a country's money supply during the gold standard era.

During the Gold Standard,national Money Supplies Were Constrained By