Why did Britain's abandonment of the gold standard not aid its recovery?
A) Its gold reserves were so large from its colonial possessions that it undermined the efforts to create a free-floating currency.
B) After industrialization, gold played a small role in the world economy.
C) Many other wealthy countries abandoned the gold standard after Britain, blunting any advantage for Britain.
D) The lack of bank regulations and currency controls resulted in a currency that already was devalued.
Correct Answer:
Verified
Q35: Unemployment in the United States averaged only
Q36: Why was the Great Depression slow to
Q37: What kind of world did Franz Kafka
Q38: In 1923, which German politician called off
Q39: How did France and Belgium react when
Q41: Using Map 26.1: The Great Depression in
Q42: According to Map 26.1: The Great Depression
Q43: The following is an excerpt from the
Q44: What was the goal of the Bauhaus
Q45: What did Gustav Stresemann do to meet
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents